Desjardins Lowers Transat A.T. (TSE:TRZ) Price Target to C$2.50

Transat A.T. (TSE:TRZ) had its price target lowered by investment analysts at Desjardins from C$2.80 to C$2.50 in a research report issued on Friday, BayStreet reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 36.61% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. National Bank Financial lowered Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. TD decreased their price target on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating for the company in a research report on Friday. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of C$2.27.

Transat A.T. Price Performance

TSE:TRZ traded down C$0.18 during trading hours on Friday, reaching C$1.83. 204,746 shares of the company’s stock were exchanged, compared to its average volume of 73,944. The company has a market capitalization of C$75.09 million, a P/E ratio of 0.27, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. Transat A.T. has a 12 month low of C$1.78 and a 12 month high of C$3.10. The business’s 50-day simple moving average is C$2.30 and its two-hundred day simple moving average is C$2.46. 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. (TSE:TRZ) last announced its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. The company had revenue of C$792.72 million for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. Sell-side analysts expect that Transat A.T. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

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.