Transat A.T. (TSE:TRZ) Stock Rating Lowered by TD Securities

Transat A.T. (TSE:TRZ) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a C$3.00 target price on the stock, down from their previous target price of C$5.00. TD Securities’ price objective points to a potential upside of 23.97% from the stock’s current price.

Separately, Desjardins increased their price objective on shares of Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a research note on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of C$2.83.

Transat A.T. Trading Down 2.0%

TSE TRZ opened at C$2.42 on Wednesday. Transat A.T. has a one year low of C$1.41 and a one year high of C$3.25. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of C$98.16 million, a P/E ratio of 0.42, a P/E/G ratio of -0.04 and a beta of 0.80. The business has a 50 day simple moving average of C$2.63 and a 200 day simple moving average of C$2.56.

About Transat A.T.

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.