Transat A.T. (TSE:TRZ) Raised to Strong-Buy at TD Securities

TD Securities upgraded shares of Transat A.T. (TSE:TRZ - Free Report) from a hold rating to a strong-buy rating in a research note published on Friday morning, MarketBeat.com reports. TD Securities currently has C$4.75 price objective on the stock, up from their prior price objective of C$1.75.

A number of other analysts have also commented on TRZ. National Bankshares lifted their price target on Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a report on Friday. Scotiabank lifted their target price on Transat A.T. from C$1.25 to C$1.75 and gave the stock an "underperform" rating in a research note on Friday. Finally, Desjardins lowered their target price on Transat A.T. from C$2.25 to C$2.00 in a research note on Tuesday, March 18th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$2.41.

Transat A.T. Stock Up 9.8%

TSE:TRZ traded up C$0.20 during trading hours on Friday, hitting C$2.24. 451,448 shares of the company traded hands, compared to its average volume of 47,618. 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's 50-day simple moving average is C$1.61 and its 200-day simple moving average is C$1.72. Transat A.T. has a one year low of C$1.41 and a one year high of C$2.88. The company has a market cap of C$88.95 million, a PE ratio of -0.77, a PEG ratio of -0.04 and a beta of 1.50.

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.