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

Shares of Transat A.T. Inc. (TSE:TRZ) have earned an average recommendation of “Reduce” from the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$2.61.

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

Transat A.T. Price Performance

Transat A.T. stock opened at C$2.26 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46. The firm has a market capitalization of C$92.73 million, a P/E ratio of 0.34, a PEG ratio of -0.04 and a beta of 1.52. The business has a 50-day moving average of C$2.40 and a 200-day moving average of C$2.53. Transat A.T. has a 1 year low of C$2.11 and a 1 year high of C$3.25.

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