ATB Cormark Capital Markets Has Lowered Expectations for Transcontinental (TSE:TCL.A) Stock Price

Key Points

• ATB Cormark cut its price objective on Transcontinental from C$27.00 to C$7.00 while maintaining an "outperform" rating, implying roughly a 29% upside from the current share price.
• Analyst views are mixed — several brokers raised targets into the mid-to-high C$20s while BMO and TD trimmed theirs to C$6.25 and C$8.00, leaving a wide target range but an average price target of C$18.61 and a "Moderate Buy" consensus.
• Transcontinental is trading at C$5.41 (market cap ~C$452.4M) with a low P/E of 3.13, a 12‑month range of C$4.16–C$25.65, and last quarter reported EPS of C$0.08 on C$263.5M revenue.

Transcontinental (TSE:TCL.A - Get Free Report) had its price objective cut by stock analysts at ATB Cormark Capital Markets from C$27.00 to C$7.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price objective points to a potential upside of 29.39% from the company's current price.

Several other brokerages have also commented on TCL.A. National Bank Financial boosted their target price on shares of Transcontinental from C$24.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 9th. Scotiabank boosted their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on shares of Transcontinental from C$26.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Friday, December 12th. BMO Capital Markets decreased their target price on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Finally, TD Securities decreased their target price on shares of Transcontinental from C$28.00 to C$8.00 and set a "buy" rating on the stock in a research report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$18.61.

Transcontinental Stock Performance

TCL.A traded down C$0.11 during trading on Tuesday, hitting C$5.41. The stock had a trading volume of 588,111 shares, compared to its average volume of 947,247. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The firm has a market capitalization of C$452.38 million, a P/E ratio of 3.13, a PEG ratio of 6.05 and a beta of 0.46. The company's 50-day moving average price is C$19.35 and its 200 day moving average price is C$20.39. Transcontinental has a twelve month low of C$4.16 and a twelve month high of C$25.65.

Transcontinental (TSE:TCL.A - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$263.50 million for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. On average, equities research analysts forecast that Transcontinental will post 2.439834 EPS for the current fiscal year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.

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