Transat A.T. (TSE:TRZ) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Transat A.T. Inc. (TSE:TRZ)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.80 and traded as low as C$1.78. Transat A.T. shares last traded at C$1.79, with a volume of 26,639 shares traded.

Wall Street Analysts Forecast Growth

TRZ has been the subject of a number of analyst reports. TD Securities cut their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Desjardins dropped their target price on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a report on Friday, September 13th. Scotiabank dropped their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. CIBC dropped their target price on shares of Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating for the company in a report on Friday, September 13th. Finally, National Bankshares dropped their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Transat A.T. currently has an average rating of “Reduce” and a consensus price target of C$1.75.

Transat A.T. Price Performance

The company has a market capitalization of C$70.11 million, a price-to-earnings ratio of -0.46, a PEG ratio of -0.04 and a beta of 1.50. The company’s 50 day simple moving average is C$1.80 and its 200-day simple moving average is C$2.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last released its earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. On average, equities research analysts predict that Transat A.T. Inc. will post -4.3400002 earnings per share for the current fiscal 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.