Transat A.T. (TSE:TRZ) PT Lowered to C$1.50

Transat A.T. (TSE:TRZ) had its price objective lowered by National Bankshares from C$2.25 to C$1.50 in a report published on Friday morning, BayStreet.CA reports. National Bankshares currently has an underperform rating on the stock.

A number of other brokerages also recently commented on TRZ. Scotiabank decreased their target price on Transat A.T. from C$2.25 to C$1.50 and set an underperform rating for the company in a report on Friday. CIBC cut their target price on shares of Transat A.T. from C$2.30 to C$1.75 and set an underperform rating on the stock in a research note on Friday. Finally, TD Securities decreased their price target on shares of Transat A.T. from C$3.75 to C$3.00 and set a hold rating for the company in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of Reduce and a consensus target price of C$1.75.

Transat A.T. Trading Up 1.1 %

TSE TRZ opened at C$1.84 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. Transat A.T. has a 1-year low of C$1.78 and a 1-year high of C$4.33. The stock has a 50-day moving average of C$2.07 and a 200-day moving average of C$2.87. The firm has a market cap of C$71.45 million, a PE ratio of -1.31, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.37) by C($0.73). The business had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. As a group, sell-side analysts forecast that Transat A.T. will post -4.3400002 EPS for the current year.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.