Transat A.T. Inc. (TSE:TRZ – Get Free Report)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.44 and traded as low as C$2.25. Transat A.T. shares last traded at C$2.29, with a volume of 16,730 shares changing hands.
Wall Street Analyst Weigh In
TRZ has been the topic of several research analyst reports. TD lowered their price target on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a research report on Friday, June 12th. National Bank Financial cut shares of Transat A.T. from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$3.00 to C$2.25 in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of C$2.61.
Read Our Latest Analysis on TRZ
Transat A.T. Stock Performance
Transat A.T. (TSE:TRZ – Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The company reported C($2.58) earnings per share for the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%. The company had revenue of C$1.03 billion during the quarter. On average, research analysts predict that Transat A.T. Inc. will post -4.3400002 EPS for the current year.
About Transat A.T.
Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.
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