Transcontinental Inc. (TSE:TCL.A) Given Average Recommendation of “Moderate Buy” by Analysts

Transcontinental Inc. (TSE:TCL.A) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$17.00.

Several research firms recently commented on TCL.A. TD Securities reduced their price objective on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets dropped their target price on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research report on Friday. Canadian Imperial Bank of Commerce dropped their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research report on Friday. Finally, ATB Cormark Capital Markets dropped their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday.

Transcontinental Stock Up 7.4%

Shares of TSE:TCL.A traded up C$0.35 on Friday, hitting C$5.06. 939,408 shares of the company traded hands, compared to its average volume of 777,019. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The stock has a 50 day simple moving average of C$5.37 and a 200-day simple moving average of C$16.31. The company has a market cap of C$423.11 million, a PE ratio of 2.92, a PEG ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last issued its quarterly earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share 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. As a group, research analysts expect that Transcontinental will post 2.439834 earnings per share for the current 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.