Transat A.T. (TSE:TRZ) Shares Cross Below 50 Day Moving Average of $3.32

Transat A.T. Inc. (TSE:TRZ – Get Rating) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.32 and traded as low as C$3.08. Transat A.T. shares last traded at C$3.08, with a volume of 62,813 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Securities upgraded Transat A.T. from a “reduce” rating to a “hold” rating and increased their price target for the company from C$3.00 to C$4.00 in a research note on Friday, March 10th. CIBC increased their price objective on Transat A.T. from C$2.20 to C$2.50 and gave the company an “underperform” rating in a report on Friday, March 10th. Finally, National Bankshares increased their price objective on Transat A.T. from C$2.50 to C$3.00 and gave the company an “underperform” rating in a report on Friday, March 10th.

Transat A.T. Stock Down 1.6 %

The firm’s fifty day moving average price is C$3.32 and its two-hundred day moving average price is C$3.07. The stock has a market cap of C$4.00 million, a price-to-earnings ratio of -0.26, a price-to-earnings-growth ratio of -0.04 and a beta of 1.63. The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.94 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ – Get Rating) last posted its earnings results on Wednesday, December 14th. The company reported C($2.00) EPS for the quarter, topping the consensus estimate of C($2.17) by C$0.17. The business had revenue of C$573.14 million for the quarter, compared to the consensus estimate of C$619.50 million. Sell-side analysts forecast that Transat A.T. Inc. will post -4.3400002 earnings per share for the current fiscal 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.