Transat A.T. (TSE:TRZ) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Transat A.T. Inc. shares crossed above their 200-day moving average, trading as high as C$2.71 before closing at C$2.66.
• Analysts have mixed opinions on the stock, with a recent price target boost from TD Securities to C$5.50, while Scotiabank and National Bankshares maintain "underperform" ratings with lower targets.
• The company has a market capitalization of C$105.63 million and reports a negative PE ratio of -0.91, indicating potential concerns regarding profitability.

Transat A.T. Inc. (TSE:TRZ - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.01 and traded as high as C$2.71. Transat A.T. shares last traded at C$2.66, with a volume of 75,308 shares.

Analyst Ratings Changes

A number of research firms have weighed in on TRZ. Scotiabank raised their target price on shares of Transat A.T. from C$1.75 to C$2.00 and gave the stock an "underperform" rating in a research note on Friday, June 13th. TD Securities raised their target price on shares of 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. Finally, National Bankshares raised their target price on shares of Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of C$2.61.

Transat A.T. Trading Down 1.8%

The stock has a market cap of C$106.42 million, a PE ratio of -0.92, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50. 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 company's 50-day moving average price is C$2.68 and its 200 day moving average price is C$2.02.

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.