Transat A.T. (TSE:TRZ) Shares Down 7.1% – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ)’s share price fell 7.1% during trading on Wednesday . The stock traded as low as C$2.51 and last traded at C$2.60. 166,313 shares traded hands during trading, an increase of 121% from the average session volume of 75,175 shares. The stock had previously closed at C$2.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. CIBC boosted their target price on Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Desjardins reduced their price target on shares of Transat A.T. from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Friday, September 12th. National Bankshares upgraded shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. National Bank Financial raised Transat A.T. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Scotiabank raised their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock an “underperform” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of C$3.27.

Transat A.T. Stock Performance

The firm has a market capitalization of C$101.20 million, a price-to-earnings ratio of 0.34, a P/E/G ratio of -0.04 and a beta of 1.22. The stock’s fifty day moving average is C$2.34 and its two-hundred day moving average is C$2.47. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.