Transat A.T. (TSE:TRZ) Stock Price Up 0.4% - Time to 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.

Shares of Transat A.T. Inc. (TSE:TRZ - Get Free Report) traded up 0.4% on Wednesday . The company traded as high as C$2.59 and last traded at C$2.54. 49,065 shares were traded during mid-day trading, a decline of 33% from the average session volume of 73,515 shares. The stock had previously closed at C$2.53.

Analyst Ratings Changes

TRZ has been the topic of several recent analyst reports. TD Securities raised 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. National Bankshares raised 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. Finally, Scotiabank raised 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. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Transat A.T. presently has an average rating of "Hold" and an average price target of C$2.61.

Transat A.T. Trading Down 2.0%

The company's 50 day moving average price is C$2.48 and its two-hundred day moving average price 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. The stock has a market capitalization of C$97.29 million, a PE ratio of -0.84, a P/E/G ratio of -0.04 and a beta of 1.50.

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.