National Bankshares Lowers Transat A.T. (TSE:TRZ) Price Target to C$2.50

Transat A.T. (TSE:TRZGet Rating) had its target price dropped by stock analysts at National Bankshares from C$3.75 to C$2.50 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. National Bankshares’ target price would suggest a potential downside of 18.57% from the stock’s previous close.

Several other analysts also recently weighed in on TRZ. TD Securities dropped their target price on shares of Transat A.T. from C$4.00 to C$3.25 in a report on Wednesday, July 27th. CIBC dropped their price target on shares of Transat A.T. from C$2.25 to C$2.00 and set an “underperform” rating for the company in a research note on Tuesday, September 6th.

Transat A.T. Stock Up 3.0 %

Shares of TSE TRZ opened at C$3.07 on Friday. Transat A.T. has a 1 year low of C$2.80 and a 1 year high of C$5.88. The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.91 and a quick ratio of 0.69. The company has a 50 day simple moving average of C$3.21 and a 200-day simple moving average of C$4.05. The company has a market capitalization of C$116.46 million and a P/E ratio of -0.25.

Transat A.T. (TSE:TRZGet Rating) last posted its earnings results on Wednesday, June 8th. The company reported C($2.95) earnings per share for the quarter, missing the consensus estimate of C($1.95) by C($1.00). The company had revenue of C$358.16 million for the quarter, compared to analysts’ expectations of C$391.00 million. On average, equities research analysts predict that Transat A.T. will post -3.41 earnings per share for the current year.

About Transat A.T.

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Transat A.T. Inc operates as an integrated international tourism company in the Americas and Europe. The company offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands to approximately 60 destinations in approximately 25 countries. It also operates outgoing tours; and involved in the retail distribution activities, such as providing advice to travelers.

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