Desjardins Lowers TRANSAT AT (TRZ) Price Target to C$18.00

TRANSAT AT (TSE:TRZ) had its target price decreased by Desjardins from C$20.00 to C$18.00 in a research report issued on Friday, March 16th. Desjardins’ price target suggests a potential upside of 126.42% from the company’s current price. Desjardins also issued estimates for TRANSAT AT’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.97 EPS and FY2019 earnings at $0.69 EPS.

Other analysts have also recently issued research reports about the company. Beacon Securities cut TRANSAT AT from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$13.25 to C$10.50 in a report on Friday, March 16th. National Bank Financial cut their price target 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, March 16th. TD Securities cut their price target 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. Finally, Scotiabank cut 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 note on Friday, March 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$12.06.

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TRZ opened at C$7.95 on Friday. 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 announced its quarterly earnings results on Thursday, March 15th. The company reported C($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.79) by C($0.12). TRANSAT AT had a negative net margin of 0.70% and a negative return on equity of 7.84%. The company had revenue of C$725.78 million during the quarter, compared to the consensus estimate of C$740.75 million.

In other TRANSAT AT news, insider De Solidarité Ftq Fonds sold 450,000 shares of the stock in a transaction dated 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 stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of C$10.90, for a total value of C$119,900.00. Insiders sold 462,125 shares of company stock valued at $5,081,868 over the last 90 days.

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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)

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