Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price dropped 9.6% during mid-day trading on Thursday . The company traded as low as C$2.70 and last traded at C$2.91. Approximately 194,707 shares traded hands during trading, an increase of 155% from the average daily volume of 76,374 shares. The stock had previously closed at C$3.22.
Wall Street Analysts Forecast Growth
TRZ has been the subject of a number of research analyst reports. National Bankshares upgraded Transat A.T. from an "underperform" rating to a "sector perform" rating and boosted their price objective for the stock from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. National Bank Financial upgraded shares of Transat A.T. from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. TD Securities boosted their price objective on shares of Transat A.T. from C$4.75 to C$5.50 and gave the company a "buy" rating in a research report on Monday, June 16th. CIBC boosted their price objective on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Finally, Scotiabank upped their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock an "underperform" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of C$3.27.
Check Out Our Latest Analysis on Transat A.T.
Transat A.T. Stock Performance
The firm has a market cap of C$112.37 million, a P/E ratio of -0.77, a PEG ratio of -0.04 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.76 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$2.14.
About Transat A.T.
(
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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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