Transcontinental (TSE:TCL.A) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Transcontinental Inc. (TSE:TCL.A)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.94 and traded as low as C$5.29. Transcontinental shares last traded at C$5.35, with a volume of 343,528 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. TD Securities cut their price objective 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. Canadian Imperial Bank of Commerce dropped their price target on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research report on Friday, June 5th. ATB Cormark Capital Markets dropped their price target on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Royal Bank Of Canada cut their price target on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. Finally, BMO Capital Markets decreased their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research report on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.38.

Transcontinental Trading Up 0.2%

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The business has a 50-day simple moving average of C$5.26 and a two-hundred day simple moving average of C$14.94. The stock has a market cap of C$447.36 million, a price-to-earnings ratio of 1.34, a P/E/G ratio of 6.05 and a beta of 0.48.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data 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 company had revenue of C$269.20 million during the quarter. Equities analysts forecast that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

Transcontinental Company Profile

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.