Transcontinental Inc. (TSE:TCL.A) Given Consensus Rating of “Moderate Buy” by Analysts

Transcontinental Inc. (TSE:TCL.A) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$14.38.

Several brokerages have weighed in on TCL.A. ATB Cormark Capital Markets lowered their price target on shares of Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. BMO Capital Markets decreased their price objective on shares of Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce lowered their target price on shares of Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday, June 5th. Finally, Royal Bank Of Canada dropped their target price on shares of Transcontinental from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, June 8th.

Transcontinental Stock Up 0.2%

TSE TCL.A opened at C$5.35 on Friday. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a market capitalization of C$447.36 million, a P/E ratio of 1.34, a price-to-earnings-growth ratio of 6.05 and a beta of 0.44. The stock’s 50-day moving average price is C$5.32 and its 200-day moving average price is C$12.22.

Transcontinental (TSE:TCL.A) last announced its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) 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%. On average, equities research analysts predict that Transcontinental will post 2.439834 earnings per share for the current year.

About Transcontinental

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.