Transat A.T. Inc. (TSE:TRZ) Given Average Recommendation of “Reduce” by Brokerages

Transat A.T. Inc. (TSE:TRZ) has received an average recommendation of “Reduce” from the six research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$2.61.

TRZ has been the subject of a number of research reports. TD reduced their price objective on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research note on Friday, June 12th. National Bank Financial lowered shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from C$3.00 to C$2.25 in a research report on Wednesday, May 27th.

Transat A.T. Price Performance

TRZ stock opened at C$2.17 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. Transat A.T. has a fifty-two week low of C$2.11 and a fifty-two week high of C$3.25. The business has a 50 day moving average price of C$2.33 and a 200 day moving average price of C$2.48. The stock has a market cap of C$89.04 million, a price-to-earnings ratio of 0.32, a PEG ratio of -0.04 and a beta of 1.52.

Transat A.T. (TSE:TRZ) last posted its earnings results on Thursday, June 11th. The company reported C($2.58) EPS for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. The company had revenue of C$1.03 billion during the quarter. Equities research analysts anticipate that Transat A.T. will post -4.3400002 earnings per share 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.