Transat A.T. (TSE:TRZ) Share Price Breaks Below Fifty Day Moving Average - Should You Sell?

Key Points

• Transat A.T. shares fell below their 50-day moving average, dropping as low as C$1.93 and last trading at C$1.95, below the C$2.19 average.
• Analyst sentiment is cautious: Scotia, Desjardins, and TD cut their price targets, while the stock carries an overall “Reduce” rating and a consensus target of C$2.28.
• The company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue, with a negative net margin of 6.57%; analysts expect a full-year loss of about C$4.34 per share.

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$2.19 and traded as low as C$1.93. Transat A.T. shares last traded at C$1.95, with a volume of 12,959 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRZ shares. Scotia cut their target price on shares of Transat A.T. from C$2.00 to C$1.65 and set a "sector underperform" rating for the company in a research note on Friday, September 11th. Desjardins lowered their price target on shares of 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. Finally, TD cut their price objective on shares of Transat A.T. from C$2.25 to C$2.00 and set a "hold" rating for the company in a research report on Friday, September 11th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of C$2.28.

Transat A.T. Stock Performance

The company has a market cap of C$80.34 million, a PE ratio of -0.34, a P/E/G ratio of -0.04 and a beta of 1.49. The stock's 50 day simple moving average is C$2.19 and its two-hundred day simple moving average is C$2.40. The company has a quick ratio of 0.76, a current ratio of 0.58 and a debt-to-equity ratio of -180.72.

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 (EPS) 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%. As a group, research analysts anticipate that Transat A.T. Inc. will post -4.3400002 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.