Transat A.T. (TSE:TRZ) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Transat A.T. shares briefly moved above their 50-day moving average, reaching C$2.39 before closing at C$2.36, near the C$2.37 average.
• Analyst sentiment is bearish: TD and National Bank Financial lowered their price targets to C$2.25, while the consensus rating is “Reduce” with an average target of C$2.61.
• The company reported a quarterly loss of C$2.58 per share on C$1.03 billion in revenue, and analysts expect a full-year loss of approximately C$4.34 per share. Its liquidity is constrained, with a current ratio of 0.63 and a quick ratio of 0.76.

Transat A.T. Inc. (TSE:TRZ - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.37 and traded as high as C$2.39. Transat A.T. shares last traded at C$2.36, with a volume of 29,163 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on TRZ shares. TD reduced their price target on shares of Transat A.T. from C$2.50 to C$2.25 and set a "hold" rating on the stock in a report on Friday, June 12th. National Bank Financial downgraded shares of Transat A.T. from a "sector perform" rating to an "underperform" rating and dropped their price objective for the company from C$3.00 to C$2.25 in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of C$2.61.

Transat A.T. Price Performance

The company has a debt-to-equity ratio of -186.46, a quick ratio of 0.76 and a current ratio of 0.63. The firm has a fifty day simple moving average of C$2.37 and a two-hundred day simple moving average of C$2.51. The firm has a market cap of C$96.84 million, a PE ratio of 0.35, a PEG ratio of -0.04 and a beta of 1.52.

Transat A.T. (TSE:TRZ - Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share (EPS) for the quarter. The firm had revenue of C$1.03 billion for the quarter. Transat A.T. had a negative return on equity of 41.23% and a net margin of 8.11%. Equities analysts predict that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

Air Transat is a leading travel brand voted 2025 World's Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.

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