TRANSAT AT (TRZ) PT Raised to C$13.00

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TRANSAT AT (TSE:TRZ) had its price objective hoisted by equities research analysts at National Bank Financial from C$8.50 to C$13.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 8.24% from the stock’s previous close.

Several other research firms have also weighed in on TRZ. TD Securities dropped their price target on TRANSAT AT from C$15.00 to C$11.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. CIBC dropped their price target on TRANSAT AT from C$7.00 to C$6.00 in a research report on Friday, March 15th.

Shares of TRZ traded up C$0.01 during mid-day trading on Friday, hitting C$12.01. 558,285 shares of the company’s stock traded hands, compared to its average volume of 140,940. TRANSAT AT has a 1 year low of C$4.50 and a 1 year high of C$12.50. The stock has a market capitalization of $370.79 million and a PE ratio of -10.56.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.96) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($1.01) by C$0.05. The firm had revenue of C$647.57 million for the quarter, compared to the consensus estimate of C$751.50 million. As a group, analysts forecast that TRANSAT AT will post 0.0299999971563984 earnings per share for the current fiscal 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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