Transat A.T. (TSE:TRZ) Shares Down 10% – Here’s Why

Transat A.T. Inc. (TSE:TRZ) shares traded down 10% during mid-day trading on Friday . The stock traded as low as C$1.78 and last traded at C$1.81. 193,621 shares traded hands during trading, an increase of 163% from the average daily volume of 73,700 shares. The stock had previously closed at C$2.01.

Analyst Ratings Changes

Several brokerages have weighed in on TRZ. TD dropped their target price on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a research report on Friday, June 12th. National Bank Financial cut Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of C$2.61.

Transat A.T. Stock Performance

The firm’s 50 day simple moving average is C$2.30 and its 200-day simple moving average is C$2.46. The company has a market capitalization of C$74.68 million, a price-to-earnings ratio of 0.27, a P/E/G ratio of -0.04 and a beta of 1.49. The company has a debt-to-equity ratio of -186.46, a quick ratio of 0.76 and a current ratio of 0.63.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The business had revenue of C$792.72 million for the quarter. Analysts expect that Transat A.T. Inc. will post -4.3400002 EPS for the current year.

Transat A.T. Company Profile

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.