Transat A.T. (TSE:TRZ) Price Target Lowered to C$2.00 at TD

Key Points

• TD cut Transat A.T.’s price target to C$2.00 from C$2.25 while maintaining a “hold” rating, implying 9.29% upside from the prior close.
• National Bank Financial also lowered its target to C$2.25 and downgraded the stock to “underperform.” Analyst consensus is “Reduce,” with three Hold and three Sell ratings and an average target of C$2.27.
• Transat shares fell 9.0% to C$1.83, near their 52-week low, while the company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue.

Transat A.T. (TSE:TRZ - Get Free Report) had its price target reduced by research analysts at TD from C$2.25 to C$2.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has a "hold" rating on the stock. TD's price objective would suggest a potential upside of 9.29% from the company's previous close.

Separately, National Bank Financial lowered Transat A.T. from a "sector perform" rating to an "underperform" rating and cut their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three 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 presently has a consensus rating of "Reduce" and an average price target of C$2.27.

Transat A.T. Stock Down 9.0%

TSE:TRZ traded down C$0.18 during mid-day trading on Friday, reaching C$1.83. The company's stock had a trading volume of 204,746 shares, compared to its average volume of 73,944. The company has a quick ratio of 0.76, a current ratio of 0.63 and a debt-to-equity ratio of -186.46. Transat A.T. has a 1 year low of C$1.78 and a 1 year high of C$3.10. The stock has a fifty day moving average of C$2.30 and a 200-day moving average of C$2.46. The firm has a market capitalization of C$75.09 million, a PE ratio of 0.27, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49.

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

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