Transcontinental (TSE:TCL.A) Price Target Cut to C$8.00 by Analysts at TD Securities

Key Points

• TD Securities cut its price target to C$8.00 (from C$28.00) while retaining a "buy" rating, implying roughly a 57.5% upside from the stock's current price.
• Analyst views are mixed: several firms (National Bank, RBC, Scotiabank) raised targets while BMO cut its target to C$6.25; the consensus is a Moderate Buy with an average target of C$20.54.
• Shares rose 5.4% to C$5.08 on heavy volume; the company has a market cap of C$424.8M, a low P/E of 2.94, and reported C$0.08 EPS on C$263.5M revenue in the most recent quarter.

Transcontinental (TSE:TCL.A - Get Free Report) had its price objective dropped by stock analysts at TD Securities from C$28.00 to C$8.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 57.48% from the stock's current price.

A number of other equities analysts also recently issued reports on TCL.A. National Bank Financial upped their price target on Transcontinental from C$24.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 9th. Royal Bank Of Canada upped their target price on Transcontinental from C$26.00 to C$29.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Scotiabank boosted their price target on Transcontinental from C$23.25 to C$26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 9th. Finally, BMO Capital Markets cut their price objective on shares of Transcontinental from C$27.00 to C$6.25 in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$20.54.

Transcontinental Stock Up 5.4%

TCL.A traded up C$0.26 on Tuesday, hitting C$5.08. The company had a trading volume of 4,239,353 shares, compared to its average volume of 856,328. The stock has a market capitalization of C$424.78 million, a price-to-earnings ratio of 2.94, a P/E/G ratio of 6.05 and a beta of 0.74. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a fifty day moving average price of C$22.89 and a 200-day moving average price of C$21.42. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65.

Transcontinental (TSE:TCL.A - Get Free Report) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The business had revenue of C$263.50 million during the quarter. Analysts predict that Transcontinental will post 2.439834 EPS for the current fiscal year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.