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

Shares of Transat A.T. Inc. (TSE:TRZ) have been assigned an average rating of “Reduce” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$3.33.

A number of analysts have recently issued reports on TRZ shares. National Bank Financial upgraded Transat A.T. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Scotiabank lifted their target price on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company an “underperform” rating in a research report on Friday, September 12th. Desjardins boosted their price target on shares of Transat A.T. from C$3.00 to C$3.30 and gave the stock a “hold” rating in a research note on Tuesday. CIBC raised their price objective on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Finally, National Bankshares raised shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd.

Transat A.T. Price Performance

Transat A.T. stock traded down C$0.02 during midday trading on Tuesday, hitting C$2.63. 120,483 shares of the company’s stock were exchanged, compared to its average volume of 78,847. The company has a market cap of C$106.68 million, a P/E ratio of 0.46, a PEG ratio of -0.04 and a beta of 1.03. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a 50-day moving average price of C$2.34 and a two-hundred day moving average price of C$2.56. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$3.25.

Transat A.T. Company Profile

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.