Transat A.T. (TSE:TRZ) Price Target Raised to C$2.25 at TD Securities

Transat A.T. (TSE:TRZ) had its price target raised by TD Securities from C$2.00 to C$2.25 in a research note released on Friday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

TRZ has been the subject of a number of other research reports. National Bankshares reduced their price objective 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, September 13th. Scotiabank cut their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. CIBC decreased 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 report on Friday, September 13th. Finally, Desjardins dropped their price target on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of C$1.81.

Transat A.T. Stock Down 4.4 %

Transat A.T. stock opened at C$1.95 on Friday. The company has a fifty day simple moving average of C$1.82 and a 200 day simple moving average of C$2.08. Transat A.T. has a 1-year low of C$1.68 and a 1-year high of C$4.33. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The company has a market cap of C$76.38 million, a P/E ratio of -0.50, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C($1.10) EPS for the quarter, missing analysts’ consensus estimates of C($0.37) by C($0.73). The company had revenue of C$736.20 million during the quarter, compared to analyst estimates of C$758.50 million. Research analysts anticipate that Transat A.T. will post -4.3400002 earnings per share for the current fiscal 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.