Transcontinental Inc. (TSE:TCL.A) Receives C$14.38 Consensus PT from Analysts

Transcontinental Inc. (TSE:TCL.A) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$14.38.

A number of equities analysts have recently weighed in on TCL.A shares. ATB Cormark Capital Markets dropped their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. BMO Capital Markets decreased their target price on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th. TD Securities lowered their price target on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce dropped their price target on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday, June 5th. Finally, Royal Bank Of Canada cut their price objective on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, June 8th.

Transcontinental Price Performance

Shares of Transcontinental stock traded up C$0.05 on Tuesday, hitting C$5.67. The company had a trading volume of 41,729 shares, compared to its average volume of 739,340. The company has a market cap of C$474.12 million, a PE ratio of 1.42, a PEG ratio of 6.05 and a beta of 0.44. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65. The business has a 50-day simple moving average of C$5.29 and a 200-day simple moving average of C$13.85.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$269.20 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Research analysts expect that Transcontinental will post 2.439834 EPS 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.