Transat A.T. (TSE:TRZ) Downgraded by National Bank Financial to Underperform

Transat A.T. (TSE:TRZ) was downgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a C$2.25 target price on the stock, down from their previous target price of C$3.00. National Bank Financial’s target price would indicate a potential downside of 15.09% from the company’s current price.

Separately, TD Securities cut Transat A.T. from a “buy” rating to a “hold” rating and cut their target price for the stock from C$5.00 to C$3.00 in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Transat A.T. has a consensus rating of “Strong Sell” and a consensus target price of C$2.68.

Transat A.T. Trading Down 2.6%

Shares of TRZ traded down C$0.07 during trading hours on Wednesday, hitting C$2.65. The company had a trading volume of 137,427 shares, compared to its average volume of 84,861. The firm has a market cap of C$108.02 million, a P/E ratio of 0.33, a P/E/G ratio of -0.04 and a beta of 0.83. The stock’s 50 day moving average price is C$2.61 and its 200 day moving average price is C$2.55. The company has a quick ratio of 0.76, a current ratio of 0.71 and a debt-to-equity ratio of -216.74. Transat A.T. has a 52-week low of C$1.60 and a 52-week high of C$3.25.

Transat A.T. (TSE:TRZ) last posted its earnings results on Tuesday, March 10th. The company reported C($1.18) earnings per share (EPS) for the quarter. The business had revenue of C$870.71 million during the quarter. Transat A.T. had a negative return on equity of 44.87% and a net margin of 9.74%. On average, research analysts predict that Transat A.T. will post -4.3400002 EPS for the current year.

About Transat A.T.

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.