Transcontinental (TSE:TCL.A) Price Target Lowered to C$7.00 at Canadian Imperial Bank of Commerce

Transcontinental (TSE:TCL.A) had its price objective lowered by Canadian Imperial Bank of Commerce from C$8.00 to C$7.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has an outperformer rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. TD Securities dropped their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets dropped their price target on Transcontinental from C$27.00 to C$6.25 in a report on Tuesday, March 24th. Finally, ATB Cormark Capital Markets dropped their price target on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.00.

Transcontinental Trading Up 7.4%

Shares of TCL.A opened at C$5.06 on Friday. Transcontinental has a 1 year low of C$4.16 and a 1 year high of C$25.65. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock has a 50 day simple moving average of C$5.37 and a 200-day simple moving average of C$16.24. The stock has a market cap of C$423.11 million, a PE ratio of 2.92, a PEG ratio of 6.05 and a beta of 0.48.

Transcontinental (TSE:TCL.A) last issued its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The business had revenue of C$269.20 million during the quarter. On average, sell-side analysts predict that Transcontinental will post 2.439834 EPS for the current fiscal year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.