Transat A.T. (TSE:TRZ) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Transat A.T.’s shares fell below their 50-day moving average of C$2.24, reaching C$1.90 before closing at C$1.94 on trading volume of 19,321 shares.
• Analysts have grown more cautious: the consensus rating is “Reduce”, with three Holds and two Sells, while the average price target is C$2.28. Recent target cuts include Scotia’s reduction to C$1.65.
• The company reported a quarterly loss of C$2.18 per share on C$792.72 million in revenue, and analysts expect a full-year loss of approximately C$4.34 per share.

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.24 and traded as low as C$1.90. Transat A.T. shares last traded at C$1.94, with a volume of 19,321 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. National Bank Financial downgraded Transat A.T. from a "sector perform" rating to an "underperform" rating and lowered their price target for the stock from C$3.00 to C$2.25 in a report on Wednesday, May 27th. TD cut their price objective on Transat A.T. from C$2.25 to C$2.00 and set a "hold" rating on the stock in a report on Friday, September 11th. Desjardins decreased their price objective on Transat A.T. from C$2.80 to C$2.50 and set a "hold" rating for the company in a research report on Friday, September 11th. Finally, Scotia lowered their target price on 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. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of C$2.28.

Transat A.T. Stock Up 2.1%

The firm has a market capitalization of C$79.93 million, a P/E ratio of -0.34, a PEG ratio of -0.04 and a beta of 1.49. The firm's 50-day moving average is C$2.24 and its 200 day moving average is C$2.43. The company has a debt-to-equity ratio of -180.72, a quick ratio of 0.76 and a current ratio of 0.58.

Transat A.T. (TSE:TRZ - Get Free Report) last announced its earnings results on Thursday, September 10th. The company reported C($2.18) earnings per share for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%.The company had revenue of C$792.72 million during the quarter. As a group, equities research analysts predict that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal 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.

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