Transat A.T. (TSE:TRZ) Trading Up 4.6% - Time to Buy?

Transat A.T. Inc. (TSE:TRZ - Get Free Report)'s stock price was up 4.6% during mid-day trading on Thursday . The company traded as high as C$2.18 and last traded at C$2.04. Approximately 606,409 shares were traded during mid-day trading, an increase of 946% from the average daily volume of 57,998 shares. The stock had previously closed at C$1.95.

Analyst Ratings Changes

A number of brokerages recently commented on TRZ. National Bankshares dropped 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 note on Friday, September 13th. CIBC increased their price objective on shares of Transat A.T. from C$1.45 to C$1.80 in a research report on Friday. Scotiabank lowered their target price 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. TD Securities raised their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock a "hold" rating in a research note on Friday. Finally, Desjardins lowered 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 report on Friday, September 13th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of C$1.81.

Transat A.T. Stock Performance

The stock has a market cap of C$76.38 million, a price-to-earnings ratio of -0.50, a PEG ratio of -0.04 and a beta of 1.50. The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a fifty day moving average of C$1.82 and a 200 day moving average of C$2.08.

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 firm had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. As a group, sell-side analysts forecast that Transat A.T. Inc. will post -4.3400002 EPS for the current year.

Transat A.T. Company Profile

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.