Transat A.T. (TSE:TRZ) Given New C$1.25 Price Target at Scotiabank

Key Points

• Scotiabank cut Transat A.T.’s price target to C$1.25 from C$1.65 and maintained its “sector underperform” rating, implying 34.55% downside from the stock’s C$1.91 price.
• Analyst sentiment remains weak: Transat has a consensus “Reduce” rating and a C$2.11 consensus price target, with three Hold and three Sell ratings.
• The stock fell 1.5% to C$1.91, while the company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue; analysts expect a full-year loss of C$4.34 per share.

Transat A.T. (TSE:TRZ - Get Free Report) had its price target cut by analysts at Scotiabank from C$1.65 to C$1.25 in a report issued on Thursday, BayStreet reports. The firm currently has a "sector underperform" rating on the stock. Scotiabank's target price indicates a potential downside of 34.55% from the stock's current price.

TRZ has been the subject of a number of other reports. Scotia decreased their target price on Transat A.T. from C$2.00 to C$1.65 and set a "sector underperform" rating for the company in a research report on Friday, September 11th. TD reduced 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 research note on Friday, September 11th. Finally, Desjardins decreased their price objective on Transat A.T. from C$2.80 to C$2.50 and set a "hold" rating for the company in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of C$2.11.

Transat A.T. Trading Down 1.5%

TRZ traded down C$0.03 during trading on Thursday, hitting C$1.91. The company's stock had a trading volume of 31,061 shares, compared to its average volume of 69,960. The firm has a market capitalization of C$78.69 million, a P/E ratio of -0.33, a PEG ratio of -0.04 and a beta of 1.47. Transat A.T. has a twelve month low of C$1.78 and a twelve month high of C$3.10. The company has a quick ratio of 0.76, a current ratio of 0.58 and a debt-to-equity ratio of -180.72. The stock's fifty day moving average price is C$2.13 and its 200-day moving average price is C$2.37.

Transat A.T. (TSE:TRZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. The company had revenue of C$792.72 million for the quarter. Transat A.T. had a negative net margin of 6.57% and a positive return on equity of 31.06%. Analysts anticipate that Transat A.T. will post -4.34 EPS for the current 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.

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