TRANSAT AT Inc (TSE:TRZ) – Equities researchers at Cormark lifted their Q4 2018 earnings per share estimates for shares of TRANSAT AT in a note issued to investors on Friday. Cormark analyst D. Tyerman now anticipates that the company will earn $1.17 per share for the quarter, up from their prior forecast of $1.11. Cormark also issued estimates for TRANSAT AT’s Q4 2019 earnings at $1.27 EPS and FY2022 earnings at $1.83 EPS.
Several other analysts have also weighed in on the company. CIBC decreased their price target on TRANSAT AT from C$11.00 to C$10.50 in a report on Friday. Desjardins decreased their price target on TRANSAT AT from C$20.00 to C$18.00 in a report on Friday. Scotiabank decreased their price target on TRANSAT AT from C$10.50 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday. TD Securities reduced their target price on TRANSAT AT from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday. Finally, National Bank Financial reduced their target price on TRANSAT AT from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$11.94.
Shares of TRANSAT AT stock opened at C$8.36 on Monday. TRANSAT AT has a twelve month low of C$5.07 and a twelve month high of C$11.82. The firm has a market capitalization of $335.45, a price-to-earnings ratio of 2.33 and a beta of 0.45.
TRANSAT AT (TSE:TRZ) last released its quarterly earnings results on Thursday, December 14th. The company reported C$1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.01 by C$0.23. TRANSAT AT had a negative return on equity of 7.84% and a negative net margin of 0.70%. The company had revenue of C$698.55 million for the quarter, compared to analyst estimates of C$664.75 million.
In other TRANSAT AT news, Director Bernard Bussières sold 11,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$10.90, for a total value of C$119,900.00. Also, insider De Solidarité Ftq Fonds sold 450,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$11.00, for a total value of C$4,950,000.00. In the last quarter, insiders sold 462,125 shares of company stock worth $5,081,868.
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About TRANSAT AT
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.
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