TD Lowers Transat A.T. (TSE:TRZ) Price Target to C$2.25

Transat A.T. (TSE:TRZ) had its target price decreased by equities researchers at TD from C$2.50 to C$2.25 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective suggests a potential downside of 6.25% from the stock’s previous close.

Separately, National Bank Financial cut shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$3.00 to C$2.25 in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of C$2.61.

Transat A.T. Stock Performance

Shares of TSE TRZ traded down C$0.01 during midday trading on Friday, reaching C$2.40. The company had a trading volume of 20,452 shares, compared to its average volume of 83,733. The business’s 50-day simple moving average is C$2.64 and its 200 day simple moving average is C$2.58. The stock has a market cap of C$97.83 million, a P/E ratio of 0.30, a P/E/G ratio of -0.04 and a beta of 1.55. Transat A.T. has a 1 year low of C$2.11 and a 1 year high of C$3.25. The company has a current ratio of 0.71, a quick ratio of 0.76 and a debt-to-equity ratio of -216.74.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. The company had revenue of C$1.03 billion during the quarter. Transat A.T. had a negative return on equity of 44.87% and a net margin of 9.74%. On average, analysts forecast that Transat A.T. will post -4.3400002 earnings per share for the current fiscal year.

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.