Transat A.T. (TSE:TRZ) Shares Down 7.1% – What’s Next?

Transat A.T. Inc. (TSE:TRZ) shares dropped 7.1% on Wednesday . The stock traded as low as C$2.51 and last traded at C$2.60. Approximately 166,313 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 75,175 shares. The stock had previously closed at C$2.80.

Wall Street Analysts Forecast Growth

TRZ has been the subject of a number of research reports. Scotiabank raised their target price on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock an “underperform” rating in a research note on Friday, September 12th. Desjardins cut their price objective on shares of Transat A.T. from C$3.25 to C$3.00 and set a “hold” rating for the company in a research report on Friday, September 12th. National Bankshares upgraded Transat A.T. from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. CIBC increased their target price on Transat A.T. from C$2.25 to C$2.60 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Finally, National Bank Financial raised Transat A.T. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of C$3.27.

Transat A.T. Stock Down 10.4%

The stock’s fifty day simple moving average is C$2.34 and its 200-day simple moving average is C$2.47. The stock has a market cap of C$101.20 million, a P/E ratio of 0.34, a P/E/G ratio of -0.04 and a beta of 1.22. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.