Transat A.T. (TSE:TRZ) Given New C$1.25 Price Target at Scotiabank

Transat A.T. (TSE:TRZ) had its price objective reduced by investment analysts at Scotiabank from C$1.65 to C$1.25 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector underperform” rating on the stock. Scotiabank’s price objective indicates a potential downside of 34.55% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. TD cut their price target on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Scotia decreased their price objective on shares of Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating for the company in a research note on Friday, September 11th. Finally, Desjardins decreased their price objective on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating for the company in a research note on Friday, September 11th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of C$2.11.

Transat A.T. Stock Down 1.5%

Shares of TSE TRZ traded down C$0.03 during trading on Thursday, hitting C$1.91. The stock had a trading volume of 31,061 shares, compared to its average volume of 69,960. Transat A.T. has a 12 month low of C$1.78 and a 12 month high of C$3.10. The company has a debt-to-equity ratio of -180.72, a current ratio of 0.58 and a quick ratio of 0.76. The company has a market capitalization of C$78.69 million, a PE ratio of -0.33, a PEG ratio of -0.04 and a beta of 1.47. The firm has a fifty day moving average of C$2.13 and a two-hundred day moving average of C$2.37.

Transat A.T. (TSE:TRZ) last announced its earnings results on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. The firm had revenue of C$792.72 million during the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. As a group, equities research analysts forecast that Transat A.T. will post -4.34 EPS for the current fiscal year.

Transat A.T. Company Profile

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.