CIBC Issues Positive Forecast for Transat A.T. (TSE:TRZ) Stock Price

Transat A.T. (TSE:TRZ) had its target price lifted by CIBC from C$1.45 to C$1.80 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective indicates a potential downside of 7.69% from the stock’s current price.

Other research analysts have also issued reports about the stock. Scotiabank decreased 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. Desjardins reduced their target price on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. National Bankshares reduced their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research note on Friday, September 13th. Finally, TD Securities increased their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company a “hold” rating in a research report on Friday. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, Transat A.T. has a consensus rating of “Reduce” and a consensus target price of C$1.81.

Transat A.T. Price Performance

Transat A.T. stock traded down C$0.09 during midday trading on Friday, reaching C$1.95. 173,228 shares of the stock were exchanged, compared to its average volume of 58,455. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.76. Transat A.T. has a 52 week low of C$1.68 and a 52 week high of C$4.33. The firm has a market cap of C$76.38 million, a PE ratio of -0.49, a PEG ratio of -0.04 and a beta of 1.50. The company’s fifty day moving average is C$1.82 and its 200-day moving average is C$2.09.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share for the quarter, missing the consensus estimate 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. On average, sell-side analysts forecast that Transat A.T. will post -4.3400002 EPS for the current year.

Transat A.T. Company Profile

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.