Transat A.T. (TSE:TRZ) Price Target Cut to C$2.25 by Analysts at TD

Transat A.T. (TSE:TRZ) had its price objective trimmed by TD from C$2.50 to C$2.25 in a report published on Friday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of C$2.61.

Transat A.T. Price Performance

Shares of TSE:TRZ opened at C$2.39 on Friday. The company has a debt-to-equity ratio of -186.46, a quick ratio of 0.76 and a current ratio of 0.63. The firm has a fifty day moving average price of C$2.64 and a 200 day moving average price of C$2.58. Transat A.T. has a fifty-two week low of C$2.11 and a fifty-two week high of C$3.25. The firm has a market cap of C$97.42 million, a price-to-earnings ratio of 0.30, a P/E/G ratio of -0.04 and a beta of 1.55.

Transat A.T. (TSE:TRZ) last issued its earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share for the quarter. The company had revenue of C$1.03 billion for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. As a group, sell-side analysts expect that Transat A.T. will post -4.3400002 earnings per share 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.