Transat A.T. (TSE:TRZ) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Transat A.T. Inc. (TSE:TRZ) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.59 and traded as low as C$2.42. Transat A.T. shares last traded at C$2.42, with a volume of 26,824 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRZ shares. National Bank Financial lowered Transat A.T. from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. TD cut their price objective on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a report on Friday, June 12th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of C$2.61.

Transat A.T. Price Performance

The company has a market cap of C$99.30 million, a PE ratio of 0.36, a price-to-earnings-growth ratio of -0.04 and a beta of 1.55. The stock has a fifty day moving average price of C$2.63 and a 200-day moving average price of C$2.59. The company has a debt-to-equity ratio of -186.46, a current ratio of 0.63 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last issued its quarterly earnings results on Thursday, June 11th. The company reported C($2.58) earnings per share for the quarter. The business had revenue of C$1.03 billion for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. On average, equities analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share 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.