Transat A.T. (TSE:TRZ) Upgraded by TD Securities to Buy

Transat A.T. (TSE:TRZ) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Wednesday, April 11th. The firm presently has a C$14.50 price objective on the stock, up from their prior price objective of C$12.00. TD Securities’ price target indicates a potential upside of 66.67% from the stock’s previous close.

TRZ has been the topic of several other research reports. Scotiabank boosted their price target on shares of Transat A.T. from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Thursday, April 5th. National Bank Financial boosted their price target on shares of Transat A.T. from C$13.50 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. Desjardins lowered their price target on shares of Transat A.T. from C$20.00 to C$18.00 in a research report on Friday, March 16th. CIBC lowered their price target on shares of Transat A.T. from C$11.00 to C$10.50 in a research report on Friday, March 16th. Finally, Beacon Securities cut shares of Transat A.T. from a “buy” rating to a “hold” rating and lowered their price target for the company from C$13.25 to C$10.50 in a research report on Friday, March 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$12.38.

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Transat A.T. stock opened at C$8.70 on Wednesday. Transat A.T. has a 52-week low of C$5.12 and a 52-week high of C$11.82.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings results on Thursday, March 15th. The company reported C($0.91) earnings per share for the quarter, missing the consensus estimate of C($0.79) by C($0.12). The firm had revenue of C$725.78 million for the quarter, compared to analyst estimates of C$740.75 million. Transat A.T. had a negative net margin of 0.70% and a negative return on equity of 7.84%.

In other Transat A.T. news, Director Bernard Bussières sold 11,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of C$10.90, for a total value of C$119,900.00. Insiders sold 12,125 shares of company stock worth $131,868 in the last ninety days.

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About Transat A.T.

Transat A.T. Inc operates as an integrated tour operator in the Americas, Europe, and the Middle East. It develops and markets holiday travel services in package and air-only formats; and offers vacation packages, hotel stays, and air travel to 60 destinations in 26 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.

Analyst Recommendations for Transat A.T. (TSE:TRZ)

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