Transat A.T. (TSE:TRZ) Stock Passes Above 50-Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZ)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.33 and traded as high as C$2.67. Transat A.T. shares last traded at C$2.65, with a volume of 91,616 shares.

Analysts Set New Price Targets

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

Transat A.T. Stock Up 1.5%

The stock has a market cap of C$106.84 million, a price-to-earnings ratio of 0.36, a PEG ratio of -0.04 and a beta of 1.03. The business’s 50 day moving average is C$2.33 and its 200-day moving average is C$2.51. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81.

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.