Transat A.T. (TSE:TRZ) Upgraded 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.

Transat A.T. (TSE:TRZ - Get Free Report) was upgraded by National Bankshares from an "underperform" rating to a "sector perform" rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$3.00 target price on the stock, up from their previous target price of C$2.25. National Bankshares' price objective would suggest a potential upside of 7.14% from the stock's current price.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank upped their price objective 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 company a "buy" rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Transat A.T. has an average rating of "Reduce" and a consensus price target of C$2.86.

Transat A.T. Stock Performance

Shares of TSE TRZ traded up C$0.06 during midday trading on Wednesday, hitting C$2.80. 68,339 shares of the company's stock were exchanged, compared to its average volume of 71,676. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of -241.60. The company's 50 day moving average price is C$2.69 and its 200 day moving average price is C$2.07. Transat A.T. has a 12 month low of C$1.41 and a 12 month high of C$3.00. The firm has a market capitalization of C$112.37 million, a PE ratio of -0.77, a price-to-earnings-growth ratio of -0.04 and a beta of 1.20.

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.

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