Transat A.T. (TSE:TRZ) Shares Break Below Fifty Day Moving Average – Here’s Why

Transat A.T. Inc. (TSE:TRZ) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$2.07 and traded as low as C$1.88. Transat A.T. shares last traded at C$1.90, with a volume of 30,424 shares trading hands.

Analyst Ratings Changes

TRZ has been the topic of a number of recent research reports. Scotiabank reduced their target price on Transat A.T. from C$1.65 to C$1.25 and set a “sector underperform” rating on the stock in a research note on Thursday, October 15th. Desjardins dropped their price target on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating for the company in a research report on Friday, September 11th. Scotia reduced their price objective on Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a research note on Friday, September 11th. Finally, TD decreased their price target on shares of Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of C$2.11.

Transat A.T. Price Performance

The company has a 50 day moving average of C$2.06 and a 200-day moving average of C$2.35. The company has a quick ratio of 0.76, a current ratio of 0.58 and a debt-to-equity ratio of -180.72. The stock has a market capitalization of C$77.46 million, a P/E ratio of -0.33, a PEG ratio of -0.04 and a beta of 1.47.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. The business had revenue of C$792.72 million for the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. Sell-side analysts predict that Transat A.T. Inc. will post -4.34 EPS 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.