TD Has Lowered Expectations for Transat A.T. (TSE:TRZ) Stock Price

Transat A.T. (TSE:TRZ) had its price objective lowered by stock analysts at TD from C$2.25 to C$2.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm presently has a “hold” rating on the stock. TD’s price target would suggest a potential upside of 9.29% from the company’s previous close.

Separately, National Bank Financial downgraded shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of C$2.27.

Transat A.T. Stock Performance

TRZ stock traded down C$0.18 during trading on Friday, reaching C$1.83. The company had a trading volume of 204,746 shares, compared to its average volume of 73,944. The firm has a 50-day simple moving average of C$2.30 and a 200-day simple moving average of C$2.46. The company has a market cap of C$75.09 million, a price-to-earnings ratio of 0.27, a price-to-earnings-growth 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. has a twelve month low of C$1.78 and a twelve month high of C$3.10.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share (EPS) for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. The company had revenue of C$792.72 million for the quarter. As a group, sell-side analysts expect that Transat A.T. 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.