Scotia Lowers Transat A.T. (TSE:TRZ) Price Target to C$1.65

Key Points

• Scotia cut Transat A.T.’s price target to C$1.65 from C$2.00 and maintained a “sector underperform” rating, implying 9.84% downside from the prior close.
• Broader analyst sentiment remains negative: Desjardins and TD also reduced their targets, while National Bank Financial downgraded the stock to “underperform.” The consensus rating is “Reduce,” with an average target of C$2.27.
• Transat shares fell to C$1.83, near their 52-week low of C$1.78. The company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue, and analysts expect a full-year loss of about C$4.34 per share.

Transat A.T. (TSE:TRZ - Get Free Report) had its price target decreased by analysts at Scotia from C$2.00 to C$1.65 in a research note issued to investors on Friday, BayStreet reports. The firm presently has a "sector underperform" rating on the stock. Scotia's price target indicates a potential downside of 9.84% from the stock's previous close.

Several other brokerages have also recently commented on TRZ. Desjardins dropped their price target on Transat A.T. from C$2.80 to C$2.50 and set a "hold" rating for the company in a research report on Friday. TD lowered their price objective on Transat A.T. from C$2.25 to C$2.00 and set a "hold" rating on the stock in a research note on Friday. Finally, National Bank Financial downgraded Transat A.T. from a "sector perform" rating to an "underperform" rating and cut their target price for the stock from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of C$2.27.

Transat A.T. Stock Performance

TSE TRZ traded down C$0.18 on Friday, reaching C$1.83. 204,746 shares of the company's stock traded hands, compared to its average volume of 73,944. The stock has a 50 day moving average price of C$2.30 and a 200-day moving average price of C$2.46. The firm has a market cap of C$75.09 million, a price-to-earnings ratio of 0.27, a P/E/G ratio of -0.04 and a beta of 1.49. Transat A.T. has a fifty-two week low of C$1.78 and a fifty-two week high of C$3.10. The company has a debt-to-equity ratio of -186.46, a quick ratio of 0.76 and a current ratio of 0.63.

Transat A.T. (TSE:TRZ - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. The firm had revenue of C$792.72 million for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. Equities research analysts predict that Transat A.T. will post -4.3400002 EPS for the current fiscal 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.

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