Transat A.T. (TSE:TRZ) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Transat A.T. Inc. (TSE:TRZ) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.37 and traded as high as C$2.39. Transat A.T. shares last traded at C$2.36, with a volume of 29,163 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRZ. National Bank Financial downgraded Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. TD dropped their price objective on 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, June 12th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of C$2.61.

Transat A.T. Trading Up 3.4%

The stock has a market capitalization of C$100.53 million, a P/E ratio of 0.36, a P/E/G ratio of -0.04 and a beta of 1.52. The stock’s 50 day moving average price is C$2.36 and its 200-day moving average price is C$2.51. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46.

Transat A.T. (TSE:TRZ) last posted its earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The company had revenue of C$1.03 billion for the quarter. As a group, equities research analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share 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.