Transat A.T. (TSE:TRZ) Shares Up 11.2% – What’s Next?

Transat A.T. Inc. (TSE:TRZ)’s stock price was up 11.2% during mid-day trading on Tuesday . The stock traded as high as C$2.49 and last traded at C$2.49. Approximately 258,347 shares changed hands during trading, an increase of 437% from the average daily volume of 48,149 shares. The stock had previously closed at C$2.24.

Analyst Ratings Changes

TRZ has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of Transat A.T. from C$1.25 to C$1.75 and gave the stock an “underperform” rating in a research note on Friday. National Bankshares increased their price target on Transat A.T. from C$1.50 to C$1.75 and gave the company an “underperform” rating in a research report on Friday. TD Securities raised Transat A.T. from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from C$1.75 to C$4.75 in a research report on Friday. Finally, Desjardins decreased their target price on Transat A.T. from C$2.25 to C$2.00 in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$2.41.

Transat A.T. Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The business’s fifty day moving average is C$1.61 and its 200 day moving average is C$1.72. The company has a market cap of C$103.24 million, a P/E ratio of -0.89, a PEG ratio of -0.04 and a beta of 1.50.

Transat A.T. Company Profile

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.