Transat A.T. Inc. (TSE:TRZ) Stock Has Average Price Target of C$2.11 According to Analysts

Shares of Transat A.T. Inc. (TSE:TRZ) have been assigned an average recommendation of “Reduce” from the six brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$2.11.

Several analysts have issued reports on the stock. Scotiabank lowered their price objective on shares of Transat A.T. from C$1.65 to C$1.25 and set a “sector underperform” rating for the company in a research report on Thursday. Scotia dropped their price objective on shares of Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a research note on Friday, September 11th. TD reduced their target price on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Finally, Desjardins reduced their target price on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating on the stock in a research report on Friday, September 11th.

Transat A.T. Stock Down 1.0%

Shares of TRZ stock traded down C$0.02 during trading hours on Thursday, reaching C$1.92. The company had a trading volume of 42,361 shares, compared to its average volume of 69,990. The company has a debt-to-equity ratio of -180.72, a quick ratio of 0.76 and a current ratio of 0.58. Transat A.T. has a twelve month low of C$1.78 and a twelve month high of C$3.10. The company has a market capitalization of C$79.11 million, a P/E ratio of -0.33, a price-to-earnings-growth ratio of -0.04 and a beta of 1.47. The stock’s fifty day simple moving average is C$2.13 and its 200 day simple moving average is C$2.37.

Transat A.T. (TSE:TRZ) last announced its earnings results on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. The company had revenue of C$792.72 million for the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. As a group, sell-side analysts expect that Transat A.T. will post -4.34 earnings per share for the current fiscal year.

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.