Transat A.T. (TSE:TRZ) Price Target Cut to C$2.25 by Analysts at Scotiabank

Transat A.T. (TSE:TRZFree Report) had its price target cut by Scotiabank from C$2.50 to C$2.25 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an underperform rating on the stock.

Several other research firms have also recently weighed in on TRZ. CIBC lowered their price objective on shares of Transat A.T. from C$2.90 to C$2.70 and set an underperform rating on the stock in a research report on Monday, May 13th. TD Securities lowered their price target on Transat A.T. from C$3.75 to C$3.00 and set a hold rating on the stock in a report on Friday. Desjardins reduced their price objective on Transat A.T. from C$4.00 to C$3.00 and set a hold rating for the company in a research note on Tuesday, May 14th. Finally, National Bankshares lowered their target price on 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 given a hold rating to the company’s stock. According to data from MarketBeat.com, Transat A.T. has an average rating of Reduce and a consensus price target of C$2.64.

Check Out Our Latest Report on TRZ

Transat A.T. Trading Down 0.7 %

TSE:TRZ opened at C$2.88 on Friday. The stock has a fifty day simple moving average of C$3.37 and a 200 day simple moving average of C$3.70. The firm has a market capitalization of C$111.51 million, a price-to-earnings ratio of -3.84, a price-to-earnings-growth ratio of -0.04 and a beta of 1.38. Transat A.T. has a 1-year low of C$2.82 and a 1-year high of C$5.15. The company has a quick ratio of 0.76, a current ratio of 0.87 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZGet Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C($2.11) EPS for the quarter, missing analysts’ consensus estimates of C($1.01) by C($1.10). The business had revenue of C$785.50 million for the quarter, compared to the consensus estimate of C$815.50 million. Sell-side analysts forecast that Transat A.T. will post -4.3400002 earnings per share for the current year.

About Transat A.T.

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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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Analyst Recommendations for Transat A.T. (TSE:TRZ)

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