Transat A.T. (TSE:TRZ – Free Report) had its target price lowered by Desjardins from C$3.00 to C$2.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.
A number of other equities analysts have also issued reports on the stock. CIBC lowered 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. National Bankshares decreased their price target 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. Scotiabank dropped their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an underperform rating on the stock in a research note on Friday. Finally, TD Securities decreased their target price on shares of Transat A.T. from C$3.75 to C$3.00 and set a hold rating for the company in a research note on Friday, June 7th. 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 stock currently has a consensus rating of Reduce and a consensus price target of C$1.75.
View Our Latest Stock Report on Transat A.T.
Transat A.T. Price Performance
Transat A.T. (TSE:TRZ – Get Free Report) last posted 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 firm had revenue of C$736.20 million during the quarter, compared to analyst estimates of C$758.50 million. As a group, sell-side analysts anticipate that Transat A.T. 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.
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