Transat A.T. (TSE:TRZ) Trading Up 4.6% – What’s Next?

Shares of Transat A.T. Inc. (TSE:TRZ) traded up 4.6% during trading on Thursday . The stock traded as high as C$2.18 and last traded at C$2.04. 606,409 shares traded hands during trading, an increase of 946% from the average session volume of 57,998 shares. The stock had previously closed at C$1.95.

Wall Street Analyst Weigh In

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

Transat A.T. Price Performance

The company has a 50 day moving average of C$1.82 and a 200 day moving average of C$2.09. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of C$79.91 million, a price-to-earnings ratio of -0.52, a PEG ratio of -0.04 and a beta of 1.50.

Transat A.T. (TSE:TRZ) last issued its earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analysts’ expectations of C$758.50 million. As a group, equities research analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current 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.