Transat A.T. (TSE:TRZ) Price Target Raised to C$2.25

Key Points

• Scotiabank has raised its price target for Transat A.T. from C$2.00 to C$2.25, despite maintaining an "underperform" rating on the stock, indicating a potential downside from its current price.
• Other analysts have mixed views, with TD Securities upgrading their rating to "buy" and increasing the target price to C$5.50, while other firms have issued lower targets or maintained "hold" ratings.
• Transat A.T. shares traded at C$2.79 with a market capitalization of C$111.97 million and a significant debt-to-equity ratio, reflecting challenges in financial performance.

Transat A.T. (TSE:TRZ - Get Free Report) had its price objective raised by stock analysts at Scotiabank from C$2.00 to C$2.25 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an "underperform" rating on the stock. Scotiabank's price objective would suggest a potential downside of 19.35% from the company's current price.

Several other equities analysts have also commented on the stock. National Bank Financial raised shares of Transat A.T. from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. TD Securities upped their target price on Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a research note on Monday, June 16th. National Bankshares raised Transat A.T. from an "underperform" rating to a "sector perform" rating and boosted their price target for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. CIBC raised their price objective on Transat A.T. from C$2.25 to C$2.60 and gave the company an "underperform" rating in a research note on Thursday, September 4th. Finally, Desjardins decreased their target price on Transat A.T. from C$3.25 to C$3.00 and set a "hold" rating on the stock in a research report on Friday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Transat A.T. currently has an average rating of "Reduce" and a consensus target price of C$3.27.

Transat A.T. Price Performance

Shares of TSE:TRZ traded down C$0.08 during trading on Friday, reaching C$2.79. 127,299 shares of the company traded hands, compared to its average volume of 78,654. The firm has a market capitalization of C$111.97 million, a PE ratio of -0.77, a PEG ratio of -0.04 and a beta of 1.22. 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 quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60. The company's 50 day moving average is C$2.72 and its two-hundred day moving average is C$2.13.

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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