Transat A.T. (TSE:TRZ) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Transat A.T. shares fell below their 50-day moving average, trading as low as C$1.88 and last changing hands at C$1.90, below the C$2.07 average.
• Analyst sentiment is cautious: three analysts rate the stock Hold and three rate it Sell, resulting in a consensus “Reduce” rating. Several firms recently cut their price targets, including Scotiabank’s reduction to C$1.25.
• The company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue, while analysts expect a full-year loss of C$4.34 per share. Transat has a C$78.28 million market capitalization and negative net margin.

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$2.07 and traded as low as C$1.88. Transat A.T. shares last traded at C$1.90, with a volume of 30,424 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRZ. Scotia lowered their price target 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. Desjardins cut their price objective on shares of Transat A.T. from C$2.80 to C$2.50 and set a "hold" rating on the stock in a research report on Friday, September 11th. Scotiabank cut their price objective on shares of Transat A.T. from C$1.65 to C$1.25 and set a "sector underperform" rating on the stock in a research report on Thursday, October 15th. Finally, TD reduced 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 note on Friday, September 11th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of C$2.11.

Transat A.T. Trading Up 0.5%

The firm has a market capitalization of C$78.28 million, a PE ratio of -0.33, a P/E/G ratio of -0.04 and a beta of 1.47. The firm has a 50 day simple moving average of C$2.07 and a 200 day simple moving average of C$2.35. The company has a current ratio of 0.58, a quick ratio of 0.76 and a debt-to-equity ratio of -180.72.

Transat A.T. (TSE:TRZ - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. The business had revenue of C$792.72 million during the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%. Equities analysts expect that Transat A.T. Inc. will post -4.34 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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