Transat A.T. (TSE:TRZ) Shares Pass Below 50 Day Moving Average of $3.45

Transat A.T. Inc. (TSE:TRZGet Free Report)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.45 and traded as low as C$2.95. Transat A.T. shares last traded at C$2.99, with a volume of 80,284 shares trading hands.

Wall Street Analysts Forecast Growth

TRZ has been the topic of several recent research reports. CIBC cut their price target on Transat A.T. from C$2.90 to C$2.70 and set an “underperform” rating on the stock in a report on Monday, May 13th. Desjardins cut their target price on Transat A.T. from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. TD Securities decreased their price target on shares of Transat A.T. from C$5.50 to C$3.75 and set a “hold” rating for the company in a research note on Monday, March 18th. Finally, National Bankshares dropped their price objective on shares of Transat A.T. from C$3.00 to C$2.25 and set an “underperform” rating on the stock in a research note on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Transat A.T. has a consensus rating of “Reduce” and an average target price of C$3.04.

Read Our Latest Stock Report on TRZ

Transat A.T. Stock Performance

The company’s 50 day moving average price is C$3.45 and its 200-day moving average price is C$3.71. The stock has a market cap of C$115.77 million, a P/E ratio of -3.99, a price-to-earnings-growth ratio of -0.04 and a beta of 1.38. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.87.

Transat A.T. (TSE:TRZGet Free Report) last released its quarterly earnings results on Wednesday, March 13th. The company reported C($2.11) earnings per share for the quarter, missing the consensus estimate of C($1.01) by C($1.10). The company had revenue of C$785.50 million for the quarter, compared to analyst estimates of C$815.50 million. Equities analysts forecast that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

(Get Free Report)

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.

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