Transat A.T. (TSE:TRZ) Cut to “Hold” at TD Securities

Transat A.T. (TSE:TRZ) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$3.00 target price on the stock, down from their previous target price of C$5.00. TD Securities’ target price indicates a potential upside of 20.48% from the company’s previous close.

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

Transat A.T. Trading Down 2.0%

Shares of TSE:TRZ traded down C$0.05 during mid-day trading on Wednesday, reaching C$2.49. 120,648 shares of the company were exchanged, compared to its average volume of 59,110. Transat A.T. has a 1 year low of C$1.41 and a 1 year high of C$3.25. The firm’s 50-day simple moving average is C$2.63 and its 200 day simple moving average is C$2.56. The firm has a market cap of C$101.00 million, a price-to-earnings ratio of 0.44, a P/E/G ratio of -0.04 and a beta of 0.80. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76.

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.