Transat A.T. (TSE:TRZ) Downgraded by National Bank Financial to Underperform

Transat A.T. (TSE:TRZ) was downgraded by National Bank Financial from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$2.25 target price on the stock, down from their prior target price of C$3.00. National Bank Financial’s price target would indicate a potential downside of 15.09% from the company’s previous close.

Separately, TD Securities downgraded Transat A.T. from a “buy” rating to a “hold” rating and lowered their price target for the company from C$5.00 to C$3.00 in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of C$2.68.

Transat A.T. Price Performance

TSE TRZ traded down C$0.07 during trading hours on Wednesday, reaching C$2.65. 137,427 shares of the stock traded hands, compared to its average volume of 84,861. The stock has a 50 day simple moving average of C$2.61 and a two-hundred day simple moving average of C$2.55. Transat A.T. has a 1 year low of C$1.60 and a 1 year high of C$3.25. The company has a debt-to-equity ratio of -216.74, a current ratio of 0.71 and a quick ratio of 0.76. The company has a market cap of C$108.02 million, a price-to-earnings ratio of 0.33, a price-to-earnings-growth ratio of -0.04 and a beta of 0.83.

Transat A.T. (TSE:TRZ) last released its quarterly earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share for the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. The firm had revenue of C$870.71 million for the quarter. On average, analysts predict that Transat A.T. will post -4.3400002 EPS 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.