Transat A.T. (TSE:TRZ) Price Target Lowered to C$3.00 at Desjardins

Key Points

• Desjardins has lowered its price target for Transat A.T. from C$3.25 to C$3.00, maintaining a "hold" rating on the stock.
• The stock is currently trading at C$2.79, a drop of 2.8%, with a market capitalization of C$111.97 million.
• Currently, the consensus rating for Transat A.T. is "Reduce" with an average price target of C$3.27 from various analysts.

Transat A.T. (TSE:TRZ - Get Free Report) had its price target dropped by equities research analysts at Desjardins from C$3.25 to C$3.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' price objective would indicate a potential upside of 7.53% from the stock's previous close.

A number of other research analysts also recently issued reports on TRZ. Scotiabank lifted their price objective on shares of Transat A.T. from C$1.75 to C$2.00 and gave the stock an "underperform" rating in a research report on Friday, June 13th. TD Securities increased their target price on shares of Transat A.T. from C$4.75 to C$5.50 and gave the company a "buy" rating in a research report on Monday, June 16th. CIBC lifted their price target on shares of Transat A.T. from C$2.25 to C$2.60 and gave the stock an "underperform" rating in a report on Thursday, September 4th. National Bankshares upgraded Transat A.T. from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. Finally, National Bank Financial upgraded Transat A.T. from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of C$3.27.

Transat A.T. Stock Down 2.8%

TRZ traded down C$0.08 on Friday, hitting C$2.79. The company had a trading volume of 127,299 shares, compared to its average volume of 78,654. The stock has a market capitalization of C$111.97 million, a price-to-earnings ratio of -0.77, a P/E/G ratio of -0.04 and a beta of 1.22. The company has a debt-to-equity ratio of -241.60, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a fifty day moving average price of C$2.72 and a 200-day moving average price of C$2.13. Transat A.T. has a 12-month low of C$1.41 and a 12-month high of C$3.25.

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.

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