Transat A.T. (TSE:TRZ) Stock Price Down 10% – Should You Sell?

Transat A.T. Inc. (TSE:TRZ)’s stock price fell 10% during mid-day trading on Friday . The company traded as low as C$1.78 and last traded at C$1.81. 193,621 shares were traded during mid-day trading, an increase of 163% from the average session volume of 73,700 shares. The stock had previously closed at C$2.01.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. National Bank Financial lowered shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. TD dropped their price objective on shares of Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research note on Friday, June 12th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Transat A.T. has an average rating of “Reduce” and an average target price of C$2.61.

Transat A.T. Price Performance

The company has a fifty day simple moving average of C$2.30 and a two-hundred day simple moving average of C$2.46. The stock has a market capitalization of C$74.68 million, a P/E ratio of 0.27, a PEG ratio of -0.04 and a beta of 1.49. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46.

Transat A.T. (TSE:TRZ) last released its earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. The company had revenue of C$792.72 million during the quarter. Sell-side analysts expect that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

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.