Q3 2018 Earnings Estimate for TRANSAT AT Inc (TRZ) Issued By Cormark
TRANSAT AT Inc (TSE:TRZ) – Investment analysts at Cormark upped their Q3 2018 earnings estimates for shares of TRANSAT AT in a research note issued on Thursday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $0.48 per share for the quarter, up from their prior estimate of $0.45. Cormark also issued estimates for TRANSAT AT’s Q4 2018 earnings at $1.11 EPS, FY2019 earnings at $1.07 EPS, FY2020 earnings at $1.33 EPS and FY2021 earnings at $1.55 EPS.
Other research analysts also recently issued research reports about the stock. Scotiabank increased their price objective on shares of TRANSAT AT from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Friday, June 9th. TD Securities increased their price objective on shares of TRANSAT AT from C$5.00 to C$7.00 in a research report on Friday, June 9th. CIBC upgraded shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and increased their price objective for the company from C$7.00 to C$9.50 in a research report on Thursday, July 20th. Desjardins upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and increased their price objective for the company from C$7.50 to C$9.00 in a research report on Thursday, July 20th. Finally, National Bank Financial lowered their price objective on shares of TRANSAT AT from C$12.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. TRANSAT AT presently has an average rating of “Buy” and an average target price of C$10.31.
TRANSAT AT (TSE TRZ) opened at 8.85 on Friday. The firm has a market capitalization of $327.32 million and a PE ratio of 85.10. TRANSAT AT has a 1-year low of $5.03 and a 1-year high of $9.10. The firm has a 50-day moving average price of $7.38 and a 200-day moving average price of $6.04.
About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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