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

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 - Free Report) had its target price lowered by Desjardins from C$3.25 to C$3.00 in a research note published on Friday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

TRZ has been the topic of a number of other research reports. Scotiabank boosted their target price on Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a report on Friday, June 13th. TD Securities boosted their target price on Transat A.T. from C$4.75 to C$5.50 and gave the company a "buy" rating in a report on Monday, June 16th. CIBC upped their price objective on 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 Bank Financial raised Transat A.T. from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, National Bankshares raised Transat A.T. from an "underperform" rating to a "sector perform" rating and upped their target price for the company from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of C$3.27.

Transat A.T. Price Performance

TRZ stock traded down C$0.04 during midday trading on Friday, reaching C$2.76. The stock had a trading volume of 26,827 shares, compared to its average volume of 78,235. Transat A.T. has a 52-week low of C$1.41 and a 52-week high of C$3.25. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The company's fifty day simple moving average is C$2.72 and its 200 day simple moving average is C$2.15. The company has a market cap of C$111.28 million, a price-to-earnings ratio of 0.38, a price-to-earnings-growth ratio of -0.04 and a beta of 1.22.

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.