Transat A.T. (TSE:TRZ) Trading Down 10% on Analyst Downgrade

Shares of Transat A.T. Inc. (TSE:TRZ) dropped 10% during mid-day trading on Friday after Scotia lowered their price target on the stock from C$2.00 to C$1.65. Scotia currently has a sector underperform rating on the stock. Transat A.T. traded as low as C$1.78 and last traded at C$1.81. Approximately 193,621 shares changed hands during mid-day trading, an increase of 163% from the average daily volume of 73,700 shares. The stock had previously closed at C$2.01.

Several other research analysts have also recently weighed in on TRZ. Desjardins lowered their price target on shares of Transat A.T. from C$2.80 to C$2.50 and set a “hold” rating on the stock in a report on Friday. TD reduced their price objective on Transat A.T. from C$2.25 to C$2.00 and set a “hold” rating for the company in a report on Friday. Finally, National Bank Financial cut Transat A.T. from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from C$3.00 to C$2.25 in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of C$2.28.

Key Headlines Impacting Transat A.T.

Here are the key news stories impacting Transat A.T. this week:

• Positive Sentiment: Transat secured an additional C$250 million in emergency federal aid, providing near-term liquidity and support for operations despite its quarterly loss. Transat secures an additional $250M in emergency federal aid, reports Q3 loss
• Neutral Sentiment: Analyst views remain mixed. Desjardins lowered its target to C$2.50 but maintained a “hold” rating, while TD reduced its target to C$2.00 and also kept a “hold” rating. These targets imply potential upside, but the cuts reflect more cautious expectations. Transat analyst price-target updates
• Negative Sentiment: Scotia lowered its price target from C$2.00 to C$1.65 and assigned a “sector underperform” rating, signaling expectations that Transat may lag its industry peers.
• Negative Sentiment: Transat reported a third-quarter loss, with earnings of approximately C$2.18 per share below zero and revenue of about C$792.7 million. Reports attributed the deterioration largely to soaring fuel costs, which threaten airline margins. Transat A.T. Inc. Reports Results for the Third Quarter of Fiscal 2026 Transat reports quarterly loss on soaring fuel costs

Transat A.T. Trading Down 6.0%

The company has a market capitalization of C$77.87 million, a price-to-earnings ratio of -0.33, a price-to-earnings-growth ratio of -0.04 and a beta of 1.49. The company has a debt-to-equity ratio of -180.72, a quick ratio of 0.76 and a current ratio of 0.58. The firm has a fifty day moving average price of C$2.29 and a 200-day moving average price of C$2.45.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings results on Thursday, September 10th. The company reported C($2.18) EPS for the quarter. Transat A.T. had a positive return on equity of 31.06% and a negative net margin of 6.57%.The company had revenue of C$792.72 million during the quarter. As a group, equities analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current year.

Transat A.T. Company Profile

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.