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

Transat A.T. Inc. (TSE:TRZ)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.82 and traded as high as C$1.84. Transat A.T. shares last traded at C$1.76, with a volume of 98,130 shares traded.

Analyst Upgrades and Downgrades

TRZ has been the subject of a number of research reports. TD Securities decreased their price objective on Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Scotiabank decreased their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Desjardins lowered their price target on Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. CIBC decreased their target price on shares of Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating on the stock in a research report on Friday, September 13th. Finally, National Bankshares lowered their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of C$1.75.

Transat A.T. Stock Performance

The stock’s 50 day moving average is C$1.82 and its two-hundred day moving average is C$2.41. The stock has a market capitalization of C$68.94 million, a price-to-earnings ratio of -0.45, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last announced its earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.37) by C($0.73). The company had revenue of C$736.20 million during the quarter, compared to analyst estimates of C$758.50 million. Analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share for the current fiscal year.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.