Transat A.T. (TSE:TRZ) Price Target Lowered to C$2.50 at Desjardins

Key Points

• Desjardins lowered Transat A.T.’s price target from C$2.80 to C$2.50 while maintaining a “hold” rating, implying 36.61% potential upside from the reported C$1.83 share price.
• Analyst sentiment remains cautious: National Bank Financial downgraded the stock to “underperform,” TD cut its target to C$2.00, and the consensus rating is “Reduce” with an average target of C$2.27.
• Transat shares fell C$0.18 to C$1.83 in Friday trading, near their C$1.78 one-year low. 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 objective reduced by equities researchers at Desjardins from C$2.80 to C$2.50 in a report issued on Friday, BayStreet reports. The brokerage currently has a "hold" rating on the stock. Desjardins' price target suggests a potential upside of 36.61% from the company's current price.

Other research analysts also recently issued reports about the company. National Bank Financial downgraded Transat A.T. from a "sector perform" rating to an "underperform" rating and lowered their price objective for the stock from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. TD reduced their price target on shares of Transat A.T. from C$2.25 to C$2.00 and set a "hold" rating for the company in a report on Friday. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of C$2.27.

Transat A.T. Stock Performance

Shares of TSE:TRZ traded down C$0.18 during trading on Friday, hitting C$1.83. 204,746 shares of the company traded hands, compared to its average volume of 73,944. The stock has a market capitalization of C$75.09 million, a price-to-earnings ratio of 0.27, a PEG ratio of -0.04 and a beta of 1.49. The business's fifty day moving average is C$2.30 and its 200-day moving average is C$2.46. Transat A.T. has a one year low of C$1.78 and a one year high of C$3.10. 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. (TSE:TRZ - Get Free Report) last announced its quarterly earnings results 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 return on equity of 41.23% and a net margin of 8.11%. As a group, equities analysts predict that Transat A.T. will post -4.3400002 earnings per share 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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