Transat A.T. Inc. (TSE:TRZ) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Transat A.T. Inc. (TSE:TRZ) have received an average rating of “Reduce” from the six ratings firms that are presently covering the firm, MarketBeat.com 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 brokers that have issued ratings on the stock in the last year is C$2.61.

Several research analysts have recently commented on the company. TD reduced their price target on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating for the company in a research report on Friday, June 12th. National Bank Financial lowered shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th.

Transat A.T. Stock Down 0.4%

Shares of TSE TRZ traded down C$0.01 on Tuesday, reaching C$2.35. 17,992 shares of the company’s stock traded hands, compared to its average volume of 80,919. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. The business’s 50 day simple moving average is C$2.53 and its two-hundred day simple moving average is C$2.57. Transat A.T. has a 12 month low of C$2.11 and a 12 month high of C$3.25. The company has a market cap of C$96.43 million, a price-to-earnings ratio of 0.35, a price-to-earnings-growth ratio of -0.04 and a beta of 1.52.

Transat A.T. (TSE:TRZ) last released its earnings results on Thursday, June 11th. The company reported C($2.58) EPS for the quarter. The company had revenue of C$1.03 billion during the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. As a group, equities research analysts forecast 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.