Transat A.T. (TSE:TRZ) Rating Increased to Sector Perform at National Bankshares

Key Points

• Transat A.T. was upgraded by National Bankshares from an "underperform" rating to a "sector perform" rating, with a new target price of C$3.00, indicating a potential upside of 7.14%.
• Other analysts have mixed opinions on the stock, with price targets ranging from C$1.75 to C$5.50 and a consensus average rating of "Reduce".
• The current market performance shows shares trading at C$2.80, with a 12-month low of C$1.41 and high of C$3.00.

National Bankshares upgraded shares of Transat A.T. (TSE:TRZ - Free Report) from an underperform rating to a sector perform rating in a research report released on Wednesday,BayStreet.CA reports. The firm currently has C$3.00 target price on the stock, up from their prior target price of C$2.25.

Several other research firms have also commented on TRZ. Scotiabank upped their price target on shares of Transat A.T. from C$1.75 to C$2.00 and gave the stock an "underperform" rating in a research report on Friday, June 13th. TD Securities upped 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 report on Monday, June 16th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of C$3.02.

Transat A.T. Stock Performance

TRZ traded up C$0.30 during trading on Wednesday, reaching C$3.18. 556,429 shares of the company were exchanged, compared to its average volume of 75,233. The firm has a 50 day moving average of C$2.69 and a 200 day moving average of C$2.09. The stock has a market cap of C$127.62 million, a P/E ratio of -0.88, a PEG ratio of -0.04 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. Transat A.T. has a 52 week low of C$1.41 and a 52 week high of C$3.19.

Transat A.T. Company Profile

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.