Transat A.T. (TSE:TRZ) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Transat A.T. Inc. (TSE:TRZ) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.36 and traded as high as C$2.39. Transat A.T. shares last traded at C$2.35, with a volume of 20,429 shares.

Analysts Set New Price Targets

Several research firms have weighed in on TRZ. TD cut their price target on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a report on Friday, June 12th. National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Transat A.T. currently has a consensus rating of “Reduce” and a consensus target price of C$2.61.

Transat A.T. Trading Up 0.9%

The stock’s 50 day moving average is C$2.36 and its two-hundred day moving average is C$2.50. The company has a market capitalization of C$97.25 million, a PE ratio of 0.35, a price-to-earnings-growth ratio of -0.04 and a beta of 1.52. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46.

Transat A.T. (TSE:TRZ) last released its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. The business had revenue of C$1.03 billion for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. As a group, sell-side analysts predict that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

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.