Transat A.T. (TSE:TRZ) Stock Gets Price Target Cut from Scotiabank

Transat A.T. (TSE:TRZ) had its price objective reduced by Scotiabank from C$1.65 to C$1.25 in a report released on Thursday morning,BayStreet reports. They currently have a sector underperform rating on the stock.

Several other equities research analysts have also commented on the stock. Scotia lowered their price target on shares of Transat A.T. from C$2.00 to C$1.65 and set a “sector underperform” rating on the stock in a report on Friday, September 11th. Desjardins cut their price target on Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating on the stock in a research report on Friday, September 11th. Finally, TD decreased their price objective on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating for the company in a report on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of C$2.11.

Transat A.T. Price Performance

TRZ stock opened at C$1.92 on Thursday. The company has a market capitalization of C$79.11 million, a P/E ratio of -0.33, a price-to-earnings-growth ratio of -0.04 and a beta of 1.47. Transat A.T. has a 12 month low of C$1.78 and a 12 month high of C$3.10. The firm’s fifty day simple moving average is C$2.11 and its 200-day simple moving average is C$2.37. The company has a debt-to-equity ratio of -180.72, a current ratio of 0.58 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last issued its earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share (EPS) for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%. The business had revenue of C$792.72 million for the quarter. As a group, equities research analysts forecast that Transat A.T. will post -4.34 earnings per share for the current year.

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.