Transcontinental Inc. (TSE:TCL.A) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Transcontinental Inc. (TSE:TCL.A) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$14.38.

TCL.A has been the subject of several recent analyst reports. TD Securities lowered their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Royal Bank Of Canada lowered their target price on Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. ATB Cormark Capital Markets lowered their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce lowered their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating for the company in a research note on Friday, June 5th. Finally, BMO Capital Markets lowered their target price on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating for the company in a research note on Friday, June 5th.

Transcontinental Stock Down 2.5%

Shares of Transcontinental stock opened at C$5.42 on Tuesday. The business has a 50-day moving average of C$5.25 and a 200-day moving average of C$14.48. 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 company has a market capitalization of C$453.21 million, a PE ratio of 1.36, a P/E/G ratio of 6.05 and a beta of 0.48. Transcontinental has a 1-year low of C$4.16 and a 1-year high of C$25.65.

Transcontinental (TSE:TCL.A) last announced its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. The company had revenue of C$269.20 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. As a group, equities analysts forecast that Transcontinental will post 2.439834 EPS 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.