Transat A.T. (TSE:TRZ) Stock Price Down 9.6% - What's Next?

Transat A.T. Inc. (TSE:TRZ - Get Free Report) traded down 9.6% on Thursday . The stock traded as low as C$2.35 and last traded at C$2.53. 251,655 shares traded hands during trading, an increase of 303% from the average session volume of 62,488 shares. The stock had previously closed at C$2.80.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Desjardins cut their price target on Transat A.T. from C$2.25 to C$2.00 in a report on Tuesday, March 18th. National Bankshares raised their price target on Transat A.T. from C$1.50 to C$1.75 and gave the company an "underperform" rating in a report on Friday, June 6th. TD Securities upgraded Transat A.T. from a "hold" rating to a "strong-buy" rating and raised their price target for the company from C$1.75 to C$4.75 in a report on Friday, June 6th. Finally, Scotiabank raised their price objective on Transat A.T. from C$1.75 to C$2.00 and gave the company an "underperform" rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Transat A.T. currently has a consensus rating of "Hold" and an average price target of C$2.46.

Transat A.T. Price Performance

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 stock has a market capitalization of C$95.30 million, a P/E ratio of -0.82, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50. The stock has a 50 day moving average of C$1.69 and a 200-day moving average of C$1.74.

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.