Scotiabank Increases Transat A.T. (TSE:TRZ) Price Target 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 target price lifted by Scotiabank from C$2.00 to C$2.25 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "underperform" rating on the stock. Scotiabank's price target points to a potential downside of 18.48% from the company's previous close.

Several other analysts have also issued reports on TRZ. TD Securities increased their price objective on Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a report on Monday, June 16th. CIBC lifted their price objective on Transat A.T. from C$2.25 to C$2.60 and gave the stock an "underperform" rating in a research note on Thursday, September 4th. Desjardins dropped their price objective on Transat A.T. from C$3.25 to C$3.00 and set a "hold" rating on the stock in a research note on Friday, September 12th. National Bankshares raised Transat A.T. from an "underperform" rating to a "sector perform" rating and lifted their target price for the stock from C$2.25 to C$3.00 in a research report on Wednesday, September 3rd. Finally, National Bank Financial raised Transat A.T. from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of C$3.27.

Transat A.T. Stock Performance

TSE:TRZ traded down C$0.04 during trading hours on Friday, reaching C$2.76. 26,827 shares of the stock were exchanged, compared to its average volume of 78,235. 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 firm has a 50 day simple moving average of C$2.72 and a 200-day simple moving average of C$2.15. Transat A.T. has a 52 week low of C$1.41 and a 52 week high of C$3.25. The stock has a market capitalization of C$111.28 million, a P/E ratio of 0.38, a P/E/G ratio of -0.04 and a beta of 1.22.

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.