Transcontinental Inc. (TSE:TCL.A) Given Consensus Rating of “Moderate Buy” by Analysts

Transcontinental Inc. (TSE:TCL.A) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$17.00.

A number of research firms have recently weighed in on TCL.A. BMO Capital Markets lowered their price objective on Transcontinental from C$6.25 to C$6.00 and set a “market perform” rating on the stock in a research report on Friday. TD Securities decreased their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Canadian Imperial Bank of Commerce decreased their target price on Transcontinental from C$8.00 to C$7.00 and set an “outperformer” rating on the stock in a research note on Friday. Finally, ATB Cormark Capital Markets decreased their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday.

Transcontinental Stock Performance

Shares of TCL.A stock traded up C$0.35 during trading hours on Friday, reaching C$5.06. 939,408 shares of the company traded hands, compared to its average volume of 777,019. Transcontinental has a 12-month low of C$4.16 and a 12-month high of C$25.65. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market cap of C$423.11 million, a P/E ratio of 2.92, a P/E/G ratio of 6.05 and a beta of 0.53. The firm has a 50-day moving average price of C$5.37 and a 200 day moving average price of C$16.31.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Thursday, June 4th. The company reported C$0.19 earnings per share for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The firm had revenue of C$269.20 million for the quarter. As a group, sell-side analysts predict that Transcontinental will post 2.439834 earnings per share for the current fiscal year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.