Transcontinental (TSE:TCL.A) Price Target Cut to C$7.00 by Analysts at Canadian Imperial Bank of Commerce

Transcontinental (TSE:TCL.A) had its price objective decreased by stock analysts at Canadian Imperial Bank of Commerce from C$8.00 to C$7.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 38.61% from the company’s previous close.

Several other research firms have also issued reports on TCL.A. BMO Capital Markets dropped their price objective on Transcontinental from C$27.00 to C$6.25 in a research note on Tuesday, March 24th. ATB Cormark Capital Markets dropped their price objective on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Securities dropped their price objective on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Transcontinental has an average rating of “Moderate Buy” and a consensus price target of C$17.00.

Transcontinental Stock Performance

Shares of Transcontinental stock traded up C$0.34 during trading hours on Friday, reaching C$5.05. The company had a trading volume of 501,511 shares, compared to its average volume of 775,541. Transcontinental has a one year low of C$4.16 and a one year high of C$25.65. The business has a fifty day simple moving average of C$5.37 and a 200 day simple moving average of C$16.31. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market cap of C$422.28 million, a PE ratio of 2.92, a price-to-earnings-growth ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 EPS for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$269.20 million during the quarter. On average, analysts anticipate that Transcontinental will post 2.439834 earnings per share for the current fiscal year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.