Transat A.T. (TSE:TRZ) Stock Price Down 2.5% - What's Next?

Key Points

• Transat A.T. Inc. shares fell by 2.5%, closing at C$2.35 after trading as low as C$2.34 during the day.
• Analysts have mixed ratings for Transat A.T., with one "Buy," three "Hold," and two "Sell" ratings, indicating a cautious outlook on the stock.
• The company has a market capitalization of C$94.75 million and significant financial metrics, such as a price-to-earnings ratio of 0.32 and a debt-to-equity ratio of -241.60.

Transat A.T. Inc. (TSE:TRZ - Get Free Report) shares traded down 2.5% during trading on Monday . The stock traded as low as C$2.34 and last traded at C$2.35. 64,566 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 74,979 shares. The stock had previously closed at C$2.41.

Analyst Ratings Changes

Several research analysts have recently weighed in on TRZ shares. Scotiabank upped their target price on Transat A.T. from C$2.00 to C$2.25 and gave the stock an "underperform" rating in a research note on Friday, September 12th. 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. National Bankshares raised shares of Transat A.T. from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. Desjardins cut their target price on shares of Transat A.T. from C$3.25 to C$3.00 and set a "hold" rating for the company in a research note on Friday, September 12th. Finally, CIBC upped their price target on shares of Transat A.T. from C$2.25 to C$2.60 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of C$3.27.

Transat A.T. Stock Down 2.5%

The stock has a market capitalization of C$94.75 million, a price-to-earnings ratio of 0.32, a price-to-earnings-growth ratio of -0.04 and a beta of 1.09. The business's 50-day moving average is C$2.70 and its two-hundred day moving average is C$2.32. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60.

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.

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