Transat A.T. (TSE:TRZ) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Transat A.T. Inc. (TSE:TRZ) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$2.07 and traded as low as C$1.88. Transat A.T. shares last traded at C$1.90, with a volume of 30,424 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on TRZ. Desjardins reduced their price target 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. Scotiabank lowered their price objective on shares of Transat A.T. from C$1.65 to C$1.25 and set a “sector underperform” rating on the stock in a research report on Thursday, October 15th. Scotia lowered their price objective on shares of Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a research report on Friday, September 11th. Finally, TD dropped their target price 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. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Transat A.T. currently has an average rating of “Reduce” and an average price target of C$2.11.

Transat A.T. Trading Up 0.5%

The company has a quick ratio of 0.76, a current ratio of 0.58 and a debt-to-equity ratio of -180.72. The firm has a market capitalization of C$78.28 million, a PE ratio of -0.33, a PEG ratio of -0.04 and a beta of 1.47. The stock’s fifty day simple moving average is C$2.07 and its 200 day simple moving average is C$2.35.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. The business had revenue of C$792.72 million for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%. On average, sell-side analysts predict that Transat A.T. Inc. will post -4.34 earnings per share for the current year.

About Transat A.T.

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.