Transat A.T. (TSE:TRZ) Price Target Lowered to C$3.00 at TD Securities


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Transat A.T. (TSE:TRZ) had its price target lowered by equities researchers at TD Securities from C$3.25 to C$3.00 in a research report issued to clients and investors on Tuesday, Price Targets.com reports. The brokerage presently has a “reduce” rating on the stock. TD Securities’ price objective would indicate a potential downside of 35.62% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. CIBC reiterated an “underperform” rating and set a C$4.00 price target on shares of Transat A.T. in a research note on Thursday, April 29th. National Bank Financial decreased their price target on shares of Transat A.T. from C$3.90 to C$3.50 and set an “underperform” rating for the company in a research note on Friday. Desjardins reiterated a “hold” rating on shares of Transat A.T. in a research note on Friday. National Bankshares decreased their price target on shares of Transat A.T. from C$3.90 to C$3.50 and set an “underperform” rating for the company in a research note on Friday. Finally, Scotiabank cut their price objective on shares of Transat A.T. from C$5.50 to C$4.00 in a research report on Monday, April 5th. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Transat A.T. has an average rating of “Sell” and a consensus target price of C$4.00.

TRZ traded down C$0.06 during trading hours on Tuesday, hitting C$4.66. 157,520 shares of the company’s stock were exchanged, compared to its average volume of 289,939. Transat A.T. has a 12-month low of C$3.56 and a 12-month high of C$8.66. The firm has a 50 day moving average of C$5.07 and a 200 day moving average of C$5.20. The firm has a market cap of C$175.90 million and a P/E ratio of -0.34. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last issued its earnings results on Wednesday, March 10th. The company reported C($2.89) earnings per share (EPS) for the quarter, beating the consensus estimate of C($3.04) by C$0.15. The company had revenue of C$41.92 million during the quarter, compared to analyst estimates of C$67.20 million. As a group, research analysts expect that Transat A.T. will post -4.3800003 EPS for the current fiscal year.

About Transat A.T.

Transat A.T. Inc operates as an integrated international tourism company in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 countries. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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Analyst Recommendations for Transat A.T. (TSE:TRZ)

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