CIBC Cuts TRANSAT AT (TRZ) Price Target to C$10.50

TRANSAT AT (TSE:TRZ) had its price objective reduced by CIBC from C$11.00 to C$10.50 in a research note published on Friday, March 16th.

Other equities analysts have also issued reports about the company. Desjardins reduced their price objective on TRANSAT AT from C$20.00 to C$18.00 in a research note on Friday, March 16th. TD Securities reduced their price objective 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, March 16th. Beacon Securities lowered TRANSAT AT from a buy rating to a hold rating and reduced their price target for the stock from C$13.25 to C$10.50 in a research report on Friday, March 16th. National Bank Financial boosted their price target on TRANSAT AT from C$13.50 to C$15.00 and gave the stock an outperform rating in a research report on Wednesday, December 20th. Finally, Scotiabank reduced 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 research report on Friday, March 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$12.06.

How to Become a New Pot Stock Millionaire

Shares of TSE TRZ traded up C$0.29 during midday trading on Friday, hitting C$7.95. The stock had a trading volume of 165,244 shares, compared to its average volume of 85,784. TRANSAT AT has a 1-year low of C$5.07 and a 1-year high of C$11.82.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings data on Thursday, March 15th. The company reported C($0.91) earnings per share for the quarter, missing the consensus estimate of C($0.79) by C($0.12). The firm had revenue of C$725.78 million during the quarter, compared to analyst estimates of C$740.75 million. TRANSAT AT had a negative net margin of 0.70% and a negative return on equity of 7.84%.

In other TRANSAT AT news, insider De Solidarité Ftq Fonds sold 450,000 shares of the company’s stock in a transaction that occurred 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. Also, Director Bernard Bussières sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$10.90, for a total value of C$119,900.00. Insiders have sold a total of 462,125 shares of company stock worth $5,081,868 over the last three months.

COPYRIGHT VIOLATION NOTICE: “CIBC Cuts TRANSAT AT (TRZ) Price Target to C$10.50” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/08/transat-at-trz-price-target-cut-to-c10-50-by-analysts-at-cibc.html.

TRANSAT AT Company Profile

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.

Analyst Recommendations for TRANSAT AT (TSE:TRZ)

Receive News & Ratings for TRANSAT AT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRANSAT AT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply