Transat A.T. (TSE:TRZ) Price Target Cut to C$1.65 by Analysts at Scotia

Transat A.T. (TSE:TRZ) had its price target cut by stock analysts at Scotia from C$2.00 to C$1.65 in a note issued to investors on Friday, BayStreet reports. The brokerage presently has a “sector underperform” rating on the stock. Scotia’s target price indicates a potential downside of 9.84% from the stock’s previous close.

Several other equities research analysts also recently issued reports on TRZ. TD cut their price objective on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a report on Friday. National Bank Financial cut Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$3.00 to C$2.25 in a report on Wednesday, May 27th. Finally, Desjardins dropped their target price on Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating for the company in a research report on Friday. Three 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, the company has an average rating of “Reduce” and a consensus target price of C$2.27.

Transat A.T. Trading Down 9.0%

Transat A.T. stock traded down C$0.18 during trading on Friday, hitting C$1.83. The company had a trading volume of 204,746 shares, compared to its average volume of 73,944. The stock has a market cap of C$75.09 million, a price-to-earnings ratio of 0.27, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46. Transat A.T. has a 1-year low of C$1.78 and a 1-year high of C$3.10. The company’s 50 day simple moving average is C$2.30 and its 200-day simple moving average is C$2.46.

Transat A.T. (TSE:TRZ) last released its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The firm had revenue of C$792.72 million for the quarter. As a group, analysts expect that Transat A.T. will post -4.3400002 EPS for the current fiscal 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.