Transat A.T. Inc. (TSE:TRZ – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.00 and traded as low as C$3.33. Transat A.T. shares last traded at C$3.40, with a volume of 23,524 shares.
Analysts Set New Price Targets
A number of research firms have recently commented on TRZ. TD Securities lowered their target price on Transat A.T. from C$5.50 to C$3.75 and set a “hold” rating on the stock in a research note on Monday, March 18th. CIBC decreased their price objective on Transat A.T. from C$3.00 to C$2.90 in a report on Friday, March 15th. Finally, National Bankshares decreased their price objective on Transat A.T. from C$3.25 to C$3.00 in a report on Friday, March 15th.
Get Our Latest Research Report on TRZ
Transat A.T. Stock Down 0.3 %
Transat A.T. (TSE:TRZ – Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported C($2.11) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.01) by C($1.10). The company had revenue of C$785.50 million during the quarter, compared to the consensus estimate of C$815.50 million. As a group, analysts anticipate that Transat A.T. Inc. will post -4.3400002 EPS for the current year.
About Transat A.T.
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.
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