TRANSAT AT (TRZ) Stock Rating Lowered by Desjardins

TRANSAT AT (TSE:TRZ) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

A number of other brokerages have also issued reports on TRZ. National Bank Financial raised their price objective on shares of TRANSAT AT from C$8.50 to C$13.00 and gave the company a “sector perform” rating in a report on Friday. TD Securities dropped their price objective on shares of TRANSAT AT from C$15.00 to C$11.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Finally, CIBC dropped their price objective on shares of TRANSAT AT from C$7.00 to C$6.00 in a report on Friday, March 15th.

Shares of TSE TRZ opened at C$11.99 on Friday. The company has a market capitalization of $450.88 million and a P/E ratio of -10.55. TRANSAT AT has a 1 year low of C$4.50 and a 1 year high of C$12.50.

TRANSAT AT (TSE:TRZ) last issued its quarterly earnings data on Thursday, March 14th. The company reported C($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($1.01) by C$0.05. The business had revenue of C$647.57 million during the quarter, compared to the consensus estimate of C$751.50 million. On average, equities analysts expect that TRANSAT AT will post 0.0299999971563984 earnings per share 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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