Transat A.T. (TSE:TRZ) Trading 0.4% Higher - Should You Buy?

Key Points

• Transat A.T. Inc. shares rose 0.4% to C$2.54, with a trading volume decline of 33% from the average.
• Analysts have mixed reviews on the stock; Scotiabank rates it "underperform", while TD Securities has a "buy" rating, raising its target price to C$5.50.
• The company specializes in holiday travel solutions and has a market capitalization of C$100.86 million, along with notable financial metrics like a PE ratio of -0.87.

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price rose 0.4% during mid-day trading on Wednesday . The company traded as high as C$2.59 and last traded at C$2.54. Approximately 49,065 shares were traded during trading, a decline of 33% from the average daily volume of 73,515 shares. The stock had previously closed at C$2.53.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRZ shares. Scotiabank lifted their price objective on Transat A.T. from C$1.75 to C$2.00 and gave the stock an "underperform" rating in a report on Friday, June 13th. TD Securities lifted their price target on shares of Transat A.T. from C$4.75 to C$5.50 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, National Bankshares lifted their target price on shares of Transat A.T. from C$1.50 to C$1.75 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$2.61.

Transat A.T. Trading Down 2.0%

The stock has a market cap of C$97.29 million, a PE ratio of -0.84, a PEG ratio of -0.04 and a beta of 1.50. The company's fifty day moving average is C$2.48 and its 200-day moving average is C$1.93. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76.

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.