Desjardins Cuts Transat A.T. (TSE:TRZ) Price Target to C$3.00

Transat A.T. (TSE:TRZ - Free Report) had its target price cut by Desjardins from C$4.00 to C$3.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also issued reports on TRZ. National Bankshares reduced their target price on shares of Transat A.T. from C$3.00 to C$2.25 and set an underperform rating on the stock in a research report on Monday. TD Securities cut their price target on Transat A.T. from C$5.50 to C$3.75 and set a hold rating on the stock in a research note on Monday, March 18th. Finally, CIBC decreased their price objective on Transat A.T. from C$2.90 to C$2.70 and set an underperform rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Transat A.T. currently has an average rating of Reduce and an average price target of C$3.04.

Transat A.T. Price Performance

Shares of TSE TRZ traded down C$0.05 during mid-day trading on Tuesday, hitting C$3.25. 48,817 shares of the stock were exchanged, compared to its average volume of 40,403. The company has a market cap of C$125.84 million, a P/E ratio of -4.33, a PEG ratio of -0.04 and a beta of 1.38. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.87. Transat A.T. has a twelve month low of C$2.95 and a twelve month high of C$5.15. The stock's fifty day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.70.

Transat A.T. (TSE:TRZ - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C($2.11) EPS for the quarter, missing analysts' consensus estimates of C($1.01) by C($1.10). The business had revenue of C$785.50 million during the quarter, compared to the consensus estimate of C$815.50 million. As a group, analysts forecast that Transat A.T. will post -4.3400002 EPS for the current fiscal year.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.