Scotiabank Increases Transat A.T. (TSE:TRZ) Price Target to C$2.00

Transat A.T. (TSE:TRZ - Get Free Report) had its price target lifted by Scotiabank from C$1.75 to C$2.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an "underperform" rating on the stock. Scotiabank's target price suggests a potential downside of 22.78% from the company's current price. Scotiabank also issued estimates for Transat A.T.'s FY2025 earnings at ($3.83) EPS and FY2026 earnings at ($1.43) EPS.

Other equities analysts have also issued reports about the stock. Desjardins lowered their target price on shares of Transat A.T. from C$2.25 to C$2.00 in a research report on Tuesday, March 18th. National Bankshares raised their target price on shares of Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, TD Securities upgraded shares of Transat A.T. from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from C$1.75 to C$4.75 in a research report on Friday, June 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Transat A.T. currently has an average rating of "Hold" and a consensus price target of C$2.61.

Transat A.T. Stock Performance

TSE:TRZ traded up C$0.19 during mid-day trading on Friday, reaching C$2.59. 390,772 shares of the stock were exchanged, compared to its average volume of 70,201. The stock has a market capitalization of C$102.85 million, a P/E ratio of -0.89, a P/E/G ratio of -0.04 and a beta of 1.50. Transat A.T. has a 1 year low of C$1.41 and a 1 year high of C$3.00. The company has a 50 day simple moving average of C$1.72 and a 200-day simple moving average of C$1.75. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60.

About Transat A.T.

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.