TRANSAT AT (TSE:TRZ) Downgraded by TD Securities

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TD Securities cut shares of TRANSAT AT (TSE:TRZ) from a hold rating to a tender rating in a research note published on Tuesday, BayStreet.CA reports. TD Securities currently has C$18.00 price objective on the stock, up from their previous price objective of C$13.50.

A number of other research analysts have also issued reports on the stock. Desjardins raised their price objective on shares of TRANSAT AT from C$13.00 to C$14.00 in a report on Friday, June 14th. National Bank Financial reiterated a sector perform rating and issued a C$13.00 price objective on shares of TRANSAT AT in a report on Friday, June 28th.

Shares of TSE TRZ opened at C$16.81 on Tuesday. The company has a 50 day simple moving average of C$12.72 and a 200 day simple moving average of C$9.08. The firm has a market cap of $636.16 million and a PE ratio of -13.01. TRANSAT AT has a 1 year low of C$4.50 and a 1 year high of C$17.00.

TRANSAT AT (TSE:TRZ) last issued its quarterly earnings data on Wednesday, June 12th. The company reported C($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.21) by C$0.04. The business had revenue of C$897.41 million during the quarter, compared to the consensus estimate of C$898.00 million. Analysts predict that TRANSAT AT will post -0.07 EPS for the current year.

TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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