Transat A.T. Inc. (TSE:TRZ) Receives Consensus Recommendation of “Reduce” from Brokerages

Transat A.T. Inc. (TSE:TRZ) has been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$2.61.

A number of brokerages have recently commented on TRZ. TD lowered their target price on shares of Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a research note on Friday. National Bank Financial cut shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th.

Transat A.T. Stock Down 0.8%

Shares of Transat A.T. stock traded down C$0.02 on Friday, hitting C$2.39. 31,772 shares of the company traded hands, compared to its average volume of 83,771. The company has a 50-day moving average price of C$2.64 and a 200 day moving average price of C$2.58. The company has a quick ratio of 0.76, a current ratio of 0.71 and a debt-to-equity ratio of -216.74. Transat A.T. has a 12-month low of C$2.11 and a 12-month high of C$3.25. The company has a market cap of C$97.42 million, a PE ratio of 0.30, a PEG ratio of -0.04 and a beta of 1.55.

Transat A.T. (TSE:TRZ) last released its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. The business had revenue of C$1.03 billion during the quarter. Sell-side analysts predict that Transat A.T. will post -4.3400002 earnings per share for the current year.

About Transat A.T.

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.