Transat A.T. (TSE:TRZ) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZ) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.64 and traded as low as C$2.55. Transat A.T. shares last traded at C$2.56, with a volume of 37,263 shares changing hands.

Wall Street Analysts Forecast Growth

TRZ has been the topic of several research reports. TD Securities lowered Transat A.T. from a “buy” rating to a “hold” rating and cut their price target for the company from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. National Bank Financial lowered Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their price target for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Transat A.T. has an average rating of “Strong Sell” and an average price target of C$2.68.

Transat A.T. Stock Performance

The stock has a 50-day moving average of C$2.64 and a 200-day moving average of C$2.57. The firm has a market cap of C$104.35 million, a price-to-earnings ratio of 0.32, a price-to-earnings-growth ratio of -0.04 and a beta of 0.83. The company has a debt-to-equity ratio of -216.74, a quick ratio of 0.76 and a current ratio of 0.71.

Transat A.T. (TSE:TRZ) last announced its earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share (EPS) for the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. The firm had revenue of C$870.71 million during the quarter. As a group, analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

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.