Transat A.T. (TSE:TRZ) Stock Price Up 4.6% – Here’s Why

Transat A.T. Inc. (TSE:TRZ)’s share price traded up 4.6% during trading on Thursday . The stock traded as high as C$2.18 and last traded at C$2.04. 606,409 shares changed hands during mid-day trading, an increase of 946% from the average session volume of 57,998 shares. The stock had previously closed at C$1.95.

Analyst Ratings Changes

Several research analysts recently commented on TRZ shares. Desjardins cut their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a report on Friday, September 13th. Scotiabank reduced 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 research note on Friday, September 13th. CIBC lifted their price target on shares of Transat A.T. from C$1.45 to C$1.80 in a report on Friday. TD Securities boosted their price objective on Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a research note on Friday. Finally, National Bankshares reduced their price target 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. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, Transat A.T. currently has a consensus rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Stock Performance

The firm has a market cap of C$76.38 million, a price-to-earnings ratio of -0.50, a PEG ratio of -0.04 and a beta of 1.50. 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 firm’s fifty day moving average price is C$1.82 and its 200-day moving average price is C$2.08.

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 the consensus estimate of C($0.37) by C($0.73). The firm had revenue of C$736.20 million during the quarter, compared to analyst estimates of C$758.50 million. Analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share 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.