Transat A.T. (TSE:TRZ) Price Target Raised to C$1.80 at CIBC

Transat A.T. (TSE:TRZ - Get Free Report) had its price objective raised by analysts at CIBC from C$1.45 to C$1.80 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC's target price would indicate a potential downside of 7.69% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. TD Securities upped their target price on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock a "hold" rating in a research report on Friday. National Bankshares cut their price target on shares of Transat A.T. from C$2.25 to C$1.50 and set an "underperform" rating for the company in a research note on Friday, September 13th. Desjardins dropped their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a "hold" rating for the company in a research note on Friday, September 13th. Finally, Scotiabank lowered their price objective on shares of Transat A.T. from C$2.25 to C$1.50 and set an "underperform" rating for the company in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of C$1.81.

Transat A.T. Price Performance

Transat A.T. stock traded down C$0.09 during mid-day trading on Friday, hitting C$1.95. The company's stock had a trading volume of 231,728 shares, compared to its average volume of 58,716. Transat A.T. has a twelve month low of C$1.68 and a twelve month high of C$4.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The stock has a market capitalization of C$76.38 million, a P/E ratio of -0.50, a P/E/G ratio of -0.04 and a beta of 1.50. The stock's fifty day moving average price is C$1.82 and its two-hundred day moving average price is C$2.07.

Transat A.T. (TSE:TRZ - Get Free Report) last released its quarterly earnings data on Wednesday, September 11th. The company reported C($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. Research analysts forecast that Transat A.T. will post -4.3400002 earnings per share for the current year.

About Transat A.T.

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.