TD Securities Increases TRANSAT AT (TSE:TRZ) Price Target to C$13.50

TRANSAT AT (TSE:TRZ) had its target price boosted by investment analysts at TD Securities from C$13.00 to C$13.50 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock.

Other equities analysts also recently issued research reports about the company. National Bank Financial raised their price target on TRANSAT AT from C$8.50 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, May 17th. Desjardins downgraded TRANSAT AT from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, CIBC dropped their price target on TRANSAT AT from C$7.00 to C$6.00 in a research report on Friday, March 15th.

TSE TRZ traded up C$0.11 during mid-day trading on Friday, hitting C$13.50. The stock had a trading volume of 388,081 shares, compared to its average volume of 173,513. TRANSAT AT has a 52-week low of C$4.50 and a 52-week high of C$13.63. The company has a market capitalization of $500.90 million and a P/E ratio of -11.83.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.96) earnings per share for the quarter, topping the consensus estimate of C($1.01) by C$0.05. The company had revenue of C$647.57 million for the quarter, compared to analysts’ expectations of C$751.50 million. Equities research analysts anticipate that TRANSAT AT will post 0.03 earnings per share for the current year.

TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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