Transat A.T. (TSE:TRZ) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Shares recently crossed above their 50-day moving average (50‑day MA C$2.56) and traded as high as C$2.70, with the last trade at C$2.60 on volume of 118,945 shares.
• TD Securities downgraded Transat from Buy to Hold and cut its target from C$5.00 to C$3.00; MarketBeat shows an overall consensus of "Reduce" with an average target of C$2.83.
• Most recent quarter showed a loss of C($1.18) EPS on C$870.71M revenue; the company has a market cap of C$105.98M, negative ROE (-44.87%), and constrained liquidity (current ratio 0.71).

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$2.56 and traded as high as C$2.70. Transat A.T. shares last traded at C$2.60, with a volume of 118,945 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut Transat A.T. from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$5.00 to C$3.00 in a report on Wednesday, February 11th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Transat A.T. presently has an average rating of "Reduce" and an average target price of C$2.83.

Transat A.T. Trading Up 1.6%

The stock's 50-day moving average price is C$2.56 and its 200 day moving average price is C$2.50. The company has a debt-to-equity ratio of -216.74, a current ratio of 0.71 and a quick ratio of 0.76. The firm has a market capitalization of C$105.98 million, a PE ratio of 0.32, a price-to-earnings-growth ratio of -0.04 and a beta of 0.81.

Transat A.T. (TSE:TRZ - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share for the quarter. Transat A.T. had a net margin of 9.74% and a negative return on equity of 44.87%. The company had revenue of C$870.71 million for the quarter. On average, sell-side analysts expect that Transat A.T. Inc. will post -4.3400002 EPS for the current fiscal year.

About Transat A.T.

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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