Transat A.T. (TSE:TRZ) Cut to “Hold” at TD Securities

TD Securities cut shares of Transat A.T. (TSE:TRZ) from a buy rating to a hold rating in a research report report published on Wednesday, MarketBeat reports. The firm currently has C$3.00 price target on the stock, down from their prior price target of C$5.00.

Separately, Desjardins boosted their price target on Transat A.T. from C$3.00 to C$3.30 and gave the stock a “hold” rating in a research report on Tuesday, December 23rd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Transat A.T. currently has an average rating of “Reduce” and a consensus target price of C$2.83.

Transat A.T. Stock Performance

Shares of TRZ stock opened at C$2.48 on Wednesday. The firm has a market cap of C$100.59 million, a price-to-earnings ratio of 0.43, a PEG ratio of -0.04 and a beta of 0.80. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$3.25. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60. The company’s 50 day moving average is C$2.63 and its 200 day moving average is C$2.55.

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.