Transat A.T. Inc. (TSE:TRZ) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Transat A.T. Inc. has received a consensus rating of "Reduce" from six brokerages, with two analysts recommending a sell and one a buy.
• The company's stock target price has varied considerably, ranging from C$1.75 to C$5.50, with the average target set at C$2.86.
• Transat A.T. operates in the tourism sector and has a market capitalization of C$112.37 million, with a 52-week stock price range between C$1.41 and C$3.00.

Transat A.T. Inc. (TSE:TRZ - Get Free Report) has earned an average recommendation of "Reduce" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$3.02.

Several research firms have weighed in on TRZ. CIBC lifted their price target on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an "underperform" rating in a research note on Thursday. National Bankshares raised shares of Transat A.T. from an "underperform" rating to a "sector perform" rating and lifted their price target for the company from C$2.25 to C$3.00 in a research note on Wednesday, September 3rd. Scotiabank lifted their price target on shares of Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. National Bank Financial raised shares of Transat A.T. from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, TD Securities boosted their target price on shares of Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a research report on Monday, June 16th.

Transat A.T. Stock Up 10.4%

TRZ traded up C$0.30 during midday trading on Thursday, hitting C$3.18. The company had a trading volume of 556,429 shares, compared to its average volume of 75,233. Transat A.T. has a 52 week low of C$1.41 and a 52 week high of C$3.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60. The company has a market capitalization of C$127.62 million, a price-to-earnings ratio of -0.88, a PEG ratio of -0.04 and a beta of 1.22. The stock's 50 day moving average price is C$2.69 and its 200 day moving average price is C$2.09.

Transat A.T. Company Profile

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.