TRANSAT AT (TSE:TRZ) PT Raised to C$14.00

TRANSAT AT (TSE:TRZ) had its target price raised by Desjardins from C$13.00 to C$14.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Desjardins’ price objective indicates a potential upside of 3.70% from the stock’s current price.

Other research analysts also recently issued research reports about the company. National Bank Financial increased their price objective on TRANSAT AT from C$6.00 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. TD Securities dropped their price objective on TRANSAT AT from C$6.50 to C$5.00 and set a “hold” rating on the stock in a report on Monday, March 18th. Finally, CIBC dropped their price objective on TRANSAT AT from C$7.00 to C$6.00 in a report on Friday, March 15th.

TSE TRZ traded up C$0.11 during trading hours on Friday, hitting C$13.50. 388,081 shares of the company were exchanged, 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 cap of $500.90 million and a price-to-earnings ratio of -11.83.

TRANSAT AT (TSE:TRZ) last issued its quarterly earnings results on Thursday, March 14th. The company reported C($0.96) earnings per share for the quarter, topping the Thomson Reuters’ 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. Analysts anticipate that TRANSAT AT will post 0.03 EPS 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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