Transat A.T. (TSE:TRZ) Price Target Cut to C$2.00 by Analysts at TD Securities

Transat A.T. (TSE:TRZ) had its price target cut by TD Securities from C$3.00 to C$2.00 in a research note published on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages also recently issued reports on TRZ. Scotiabank lowered their price objective on Transat A.T. from C$2.25 to C$1.50 and set an underperform rating on the stock in a research report on Friday. Desjardins lowered their price target on Transat A.T. from C$3.00 to C$2.00 and set a hold rating on the stock in a report on Friday. CIBC cut their price objective on Transat A.T. from C$2.30 to C$1.75 and set an underperform rating for the company in a report on Friday. Finally, National Bankshares decreased their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an underperform rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Transat A.T. has a consensus rating of Reduce and an average target price of C$1.75.

Transat A.T. Stock Up 1.1 %

Shares of TSE TRZ opened at C$1.84 on Friday. The business has a 50-day simple moving average of C$2.07 and a two-hundred day simple moving average of C$2.87. Transat A.T. has a 52 week low of C$1.78 and a 52 week high of C$4.33. The company has a market cap of C$71.45 million, a P/E ratio of -1.31, a P/E/G ratio of -0.04 and a beta of 1.50. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Wednesday, September 11th. The company reported C($1.10) EPS for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to the consensus estimate of C$758.50 million. Research analysts anticipate that Transat A.T. will post -4.3400002 earnings per share for the current fiscal year.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.