Transcontinental (TSE:TCL.A) Shares Down 2.7% – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s stock price dropped 2.7% during mid-day trading on Thursday . The company traded as low as C$4.75 and last traded at C$5.08. Approximately 108,220 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 762,165 shares. The stock had previously closed at C$5.22.

Analyst Ratings Changes

TCL.A has been the subject of a number of recent research reports. TD Securities decreased their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. ATB Cormark Capital Markets cut their price target on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, BMO Capital Markets cut their price target on Transcontinental from C$27.00 to C$6.25 in a report on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.61.

Transcontinental Stock Down 10.7%

The stock has a fifty day moving average price of C$5.37 and a 200 day moving average price of C$16.42. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a market capitalization of C$389.66 million, a P/E ratio of 2.69, a price-to-earnings-growth ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$269.20 million during the quarter. On average, research analysts forecast that Transcontinental Inc. will post 2.439834 earnings per share for the current year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.