Transat A.T. (TSE:TRZ) Shares Down 9.6% - Time to Sell?

Key Points

• Shares of Transat A.T. Inc. fell by 9.6%, trading as low as C$2.70, with a significant increase in trading volume.
• Analyst ratings are mixed, with one "buy," three "hold," and two "sell" ratings, leading to a consensus rating of "Reduce" and a price target of C$3.02.
• The company has a market cap of C$117.18 million and financial ratios indicating potential liquidity issues, with a current ratio of 0.81 and a debt-to-equity ratio of -241.60.

Shares of Transat A.T. Inc. (TSE:TRZ - Get Free Report) were down 9.6% during trading on Thursday . The company traded as low as C$2.70 and last traded at C$2.91. Approximately 194,707 shares were traded during mid-day trading, an increase of 155% from the average daily volume of 76,374 shares. The stock had previously closed at C$3.22.

Analyst Ratings Changes

TRZ has been the subject of a number of research reports. Scotiabank raised their price objective on shares of Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a report on Friday, June 13th. TD Securities raised their price objective on shares of Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a research report on Monday, June 16th. National Bankshares raised shares of Transat A.T. from an "underperform" rating to a "sector perform" rating and lifted their price target for the company from C$2.25 to C$3.00 in a research report on Wednesday, September 3rd. National Bank Financial upgraded Transat A.T. from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, CIBC raised their price objective on Transat A.T. from C$2.25 to C$2.60 and gave the company an "underperform" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Transat A.T. has a consensus rating of "Reduce" and a consensus price target of C$3.02.

Transat A.T. Stock Down 9.3%

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 firm has a market cap of C$117.18 million, a PE ratio of -0.81, a price-to-earnings-growth ratio of -0.04 and a beta of 1.22. The stock has a fifty day simple moving average of C$2.72 and a two-hundred day simple moving average of C$2.12.

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.

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