Transcontinental (TSE:TCL.A) Trading Down 2.7% – Should You Sell?

Transcontinental Inc. (TSE:TCL.A) shares fell 2.7% during trading on Thursday . The company traded as low as C$4.75 and last traded at C$5.08. 108,220 shares traded hands during trading, a decline of 86% from the average session volume of 762,165 shares. The stock had previously closed at C$5.22.

Analyst Ratings Changes

A number of brokerages recently commented on TCL.A. ATB Cormark Capital Markets decreased their price target on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets decreased their price target on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Finally, TD Securities decreased their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.61.

Transcontinental Trading Down 10.7%

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a fifty day simple moving average of C$5.37 and a two-hundred day simple moving average of C$16.42. The firm has a market capitalization of C$389.66 million, a P/E ratio of 2.69, a price-to-earnings-growth ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last released its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The business had revenue of C$269.20 million during the quarter. On average, equities research analysts anticipate that Transcontinental Inc. will post 2.439834 earnings per share for the current fiscal year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.