Transat A.T. (TSE:TRZ) Shares Cross Below 50 Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.50 and traded as low as C$2.32. Transat A.T. shares last traded at C$2.35, with a volume of 16,075 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. National Bank Financial downgraded Transat A.T. from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from C$3.00 to C$2.25 in a report on Wednesday, May 27th. TD lowered their target price on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research note on Friday, June 12th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of C$2.61.

View Our Latest Research Report on Transat A.T.

Transat A.T. Trading Up 0.9%

The firm has a market cap of C$96.43 million, a PE ratio of 0.35, a PEG ratio of -0.04 and a beta of 1.52. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. The stock’s fifty day simple moving average is C$2.50 and its two-hundred day simple moving average is C$2.56.

Transat A.T. (TSE:TRZGet Free Report) last posted its quarterly 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 during the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. On average, sell-side analysts forecast that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

(Get Free Report)

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.

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