Scotiabank Reiterates C$3.50 Price Target for Transat A.T. (TSE:TRZ)

Scotiabank set a C$3.50 price objective on Transat A.T. (TSE:TRZ) in a research note published on Friday morning, BayStreet.CA reports. The firm currently has an underperform rating on the stock.

TRZ has been the topic of a number of other research reports. CIBC raised their price objective on shares of Transat A.T. from C$3.50 to C$3.75 in a research note on Sunday, June 11th. National Bankshares upped their price objective on shares of Transat A.T. from C$3.50 to C$3.75 and gave the stock an underperform rating in a report on Wednesday, August 23rd. Finally, TD Securities boosted their target price on shares of Transat A.T. from C$5.00 to C$6.00 and gave the stock a hold rating in a research report on Friday, June 9th.

Transat A.T. Price Performance

Shares of TRZ opened at C$4.25 on Friday. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.99. The company has a market capitalization of C$12.07 million, a price-to-earnings ratio of -0.53, a price-to-earnings-growth ratio of -0.04 and a beta of 1.44. Transat A.T. has a fifty-two week low of C$2.50 and a fifty-two week high of C$5.15. The firm has a 50-day simple moving average of C$4.59 and a 200-day simple moving average of C$4.08.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings data on Wednesday, September 13th. The company reported C$1.10 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.06) by C$1.16. The business had revenue of C$746.32 million for the quarter, compared to analysts’ expectations of C$714.50 million. On average, equities research analysts anticipate that Transat A.T. will post -4.3400002 earnings per share for the current year.

Transat A.T. Company Profile

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.