FY2017 Earnings Forecast for TRANSAT AT Inc Issued By National Bank Financial (TRZ)
TRANSAT AT Inc (TSE:TRZ) – Analysts at National Bank Financial cut their FY2017 earnings per share estimates for shares of TRANSAT AT in a note issued to investors on Monday. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $0.28 per share for the year, down from their previous estimate of $0.39. National Bank Financial has a “Outperform” rating and a $12.00 price objective on the stock. National Bank Financial also issued estimates for TRANSAT AT’s Q4 2017 earnings at $0.75 EPS and FY2018 earnings at $0.17 EPS.
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A number of other analysts have also commented on the stock. Desjardins upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and boosted their price target for the company from C$7.50 to C$9.00 in a research note on Thursday, July 20th. TD Securities decreased their price target on shares of TRANSAT AT from C$10.00 to C$7.00 and set a “hold” rating for the company in a research note on Thursday, July 27th. CIBC upgraded shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and boosted their price target for the company from C$7.00 to C$9.50 in a research note on Thursday, July 20th. Scotiabank decreased their price target on shares of TRANSAT AT from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research note on Tuesday, August 22nd. Finally, Laurentian upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 price target for the company in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TRANSAT AT currently has an average rating of “Buy” and an average price target of C$11.07.
Shares of TRANSAT AT (TRZ) opened at 9.29 on Thursday. The firm has a 50-day moving average of $8.44 and a 200-day moving average of $6.38. TRANSAT AT has a 52 week low of $5.03 and a 52 week high of $10.44. The firm has a market cap of $343.59 million and a PE ratio of 89.33.
TRANSAT AT Company Profile
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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