Transat A.T. Inc. (TSE:TRZ) Stock Now Rated “Reduce” by Wall Street Brokerages

Transat A.T. Inc. (TSE:TRZ) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$2.11.

Several brokerages have commented on TRZ. Scotia lowered their price target on Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a report on Friday, September 11th. Desjardins dropped their price target on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating on the stock in a research report on Friday, September 11th. TD set a C$2.00 price objective on shares of Transat A.T. and gave the stock a “hold” rating in a research note on Tuesday, October 27th. Finally, Scotiabank decreased their price objective on shares of Transat A.T. from C$1.65 to C$1.25 and set a “sector underperform” rating for the company in a report on Thursday, October 15th.

Transat A.T. Stock Performance

Shares of TSE TRZ opened at C$1.93 on Monday. The company has a debt-to-equity ratio of -180.72, a quick ratio of 0.76 and a current ratio of 0.58. The firm has a market cap of C$79.52 million, a price-to-earnings ratio of -0.33, a P/E/G ratio of -0.04 and a beta of 1.18. The business’s 50-day simple moving average is C$1.97 and its 200-day simple moving average is C$2.37. Transat A.T. has a 52 week low of C$1.78 and a 52 week high of C$3.10.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. The company had revenue of C$792.72 million during the quarter. As a group, equities research analysts expect that Transat A.T. will post -4.34 earnings per share for the current fiscal 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.