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

Shares of Transat A.T. Inc. (TSE:TRZ) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.64 and traded as low as C$2.55. Transat A.T. shares last traded at C$2.56, with a volume of 37,263 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TRZ shares. National Bank Financial downgraded Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. TD Securities downgraded Transat A.T. from a “buy” rating to a “hold” rating and decreased their price target for the company from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and an average price target of C$2.68.

Transat A.T. Price Performance

The company has a 50 day moving average of C$2.64 and a 200-day moving average of C$2.57. The firm has a market capitalization of C$104.35 million, a P/E ratio of 0.32, a P/E/G ratio of -0.04 and a beta of 0.83. The company has a current ratio of 0.71, a quick ratio of 0.76 and a debt-to-equity ratio of -216.74.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C($1.18) earnings per share for the quarter. The company had revenue of C$870.71 million during the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. On average, sell-side analysts predict that Transat A.T. Inc. will post -4.3400002 EPS for the current 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.