TRANSAT AT Inc (TRZ) Given Consensus Recommendation of “Buy” by Brokerages

TRANSAT AT Inc (TSE:TRZ) has been given an average rating of “Buy” by the eight analysts that are covering the company, reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$11.93.

TRZ has been the subject of a number of research analyst reports. National Bank Financial upped their price objective on shares of TRANSAT AT from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Scotiabank raised their price objective on shares of TRANSAT AT from C$10.00 to C$10.50 and gave the company a “sector perform” rating in a research note on Friday, December 15th.

In other news, Director Jean-Pierre Delisle bought 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of C$10.30 per share, with a total value of C$49,440.00. Also, insider De Solidarité Ftq Fonds sold 450,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of C$11.00, for a total value of C$4,950,000.00. In the last ninety days, insiders sold 462,125 shares of company stock worth $5,081,868.

Shares of TRANSAT AT (TSE:TRZ) traded down C$0.19 during trading on Friday, reaching C$10.74. The company had a trading volume of 15,356 shares, compared to its average volume of 86,596. TRANSAT AT has a 52-week low of C$5.03 and a 52-week high of C$11.82. The firm has a market capitalization of $406.76, a PE ratio of 3.03 and a beta of 0.43.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings results on Thursday, December 14th. The company reported C$1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.01 by C$0.23. TRANSAT AT had a negative net margin of 0.70% and a negative return on equity of 7.84%.

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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.

Analyst Recommendations for TRANSAT AT (TSE:TRZ)

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