Transat A.T. (TSE:TRZ) Downgraded to “Hold” Rating by TD Securities

TD Securities downgraded shares of Transat A.T. (TSE:TRZ) from a buy rating to a hold rating in a research note released on Wednesday morning, Marketbeat.com reports. They currently have C$3.00 price objective on the stock, down from their previous price objective of C$5.00.

Separately, Desjardins boosted their price objective on Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a report on Tuesday, December 23rd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of C$2.83.

Transat A.T. Trading Down 2.8%

TSE TRZ opened at C$2.47 on Wednesday. The company has a market capitalization of C$100.19 million, a price-to-earnings ratio of 0.43, a price-to-earnings-growth ratio of -0.04 and a beta of 0.80. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. Transat A.T. has a 12 month low of C$1.41 and a 12 month high of C$3.25. The company’s fifty day moving average price is C$2.63 and its two-hundred day moving average price is C$2.56.

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.