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

Shares of Transat A.T. Inc. (TSE:TRZ) have earned an average recommendation of “Reduce” from the six research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$2.61.

Several equities analysts recently issued reports on the stock. National Bank Financial lowered shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from C$3.00 to C$2.25 in a report on Wednesday, May 27th. TD lowered their price objective on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research report on Friday, June 12th.

Transat A.T. Stock Performance

Shares of TRZ stock opened at C$2.31 on Wednesday. The stock has a market capitalization of C$94.79 million, a PE ratio of 0.34, a PEG ratio of -0.04 and a beta of 1.52. The business’s 50 day simple moving average is C$2.35 and its 200 day simple moving average is C$2.49. The company has a debt-to-equity ratio of -186.46, a current ratio of 0.63 and a quick ratio of 0.76. Transat A.T. has a one year low of C$2.11 and a one year high of C$3.25.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%.The firm had revenue of C$1.03 billion during the quarter. As a group, research analysts forecast 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.