Desjardins Cuts Transat A.T. (TSE:TRZ) Price Target to C$2.00

Transat A.T. (TSE:TRZ) had its price objective reduced by Desjardins from C$3.00 to C$2.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on the stock. National Bankshares cut their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an underperform rating on the stock in a report on Friday. TD Securities cut their price objective on shares of Transat A.T. from C$3.75 to C$3.00 and set a hold rating on the stock in a report on Friday, June 7th. CIBC cut their price objective on shares of Transat A.T. from C$2.30 to C$1.75 and set an underperform rating on the stock in a report on Friday. Finally, Scotiabank cut their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an underperform rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Reduce and an average price target of C$1.75.

Transat A.T. Stock Performance

TSE:TRZ opened at C$1.82 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The firm has a market capitalization of C$70.67 million, a price-to-earnings ratio of -1.30, a PEG ratio of -0.04 and a beta of 1.50. The firm’s fifty day simple moving average is C$2.07 and its 200 day simple moving average is C$2.88. Transat A.T. has a twelve month low of C$1.78 and a twelve month high of C$4.75.

Transat A.T. (TSE:TRZ) last posted its earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. As a group, equities research analysts expect that Transat A.T. will post -4.3400002 earnings per share 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.