Transcontinental Inc. (TSE:TCL.A) Given Average Rating of “Moderate Buy” by Analysts

Transcontinental Inc. (TSE:TCL.A) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$14.38.

A number of research analysts have weighed in on TCL.A shares. BMO Capital Markets reduced their price target on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada cut their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce cut their target price on 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 cut their target price on 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. Finally, TD Securities cut their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th.

Transcontinental Price Performance

Shares of TSE:TCL.A opened at C$5.42 on Tuesday. Transcontinental has a 12 month low of C$4.16 and a 12 month high of C$25.65. 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’s 50 day simple moving average is C$5.25 and its 200-day simple moving average is C$14.48. The firm has a market capitalization of C$453.21 million, a price-to-earnings ratio of 1.36, a price-to-earnings-growth ratio of 6.05 and a beta of 0.48.

Transcontinental (TSE:TCL.A) last posted 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 firm had revenue of C$269.20 million for the quarter. As a group, equities analysts forecast that Transcontinental will post 2.439834 earnings per share 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.