Transat A.T. (TSE:TRZ) Trading Up 4.6% – What’s Next?

Transat A.T. Inc. (TSE:TRZ) shares 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 traded hands during trading, an increase of 946% from the average session volume of 57,998 shares. The stock had previously closed at C$1.95.

Analyst Upgrades and Downgrades

TRZ has been the topic of several research analyst reports. Scotiabank dropped their target price on 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. Desjardins dropped their price target on 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. TD Securities lowered their target price 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 note on Friday, September 13th. National Bankshares dropped 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 report on Friday, September 13th. Finally, CIBC decreased their price target on shares of Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating for the company in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, Transat A.T. has an average rating of “Reduce” and an average target price of C$1.75.

Transat A.T. Stock Up 4.6 %

The business’s fifty day simple moving average is C$1.82 and its two-hundred day simple moving average is C$2.09. The company has a market cap of C$79.91 million, a PE ratio of -0.52, a PEG ratio of -0.04 and a beta of 1.50. The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.76 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last released its quarterly earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share 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 the consensus estimate of C$758.50 million. On average, analysts predict that Transat A.T. Inc. will post -4.3400002 earnings per share for the current 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.