TRANSAT AT (TRZ) PT Lowered to C$6.00

TRANSAT AT (TSE:TRZ) had its price objective decreased by equities researchers at CIBC from C$7.00 to C$6.00 in a note issued to investors on Friday. CIBC’s price objective suggests a potential upside of 20.24% from the company’s previous close.

Several other research analysts have also weighed in on the stock. National Bank Financial decreased their price objective on shares of TRANSAT AT from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a report on Friday. TD Securities raised their price objective on shares of TRANSAT AT from C$7.00 to C$8.00 and gave the stock a “hold” rating in a report on Monday, December 17th.

TRZ opened at C$4.99 on Friday. The firm has a market cap of $187.54 million and a P/E ratio of 49.90. TRANSAT AT has a twelve month low of C$4.52 and a twelve month high of C$9.53.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings results on Thursday, December 13th. The company reported C$0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.39 by C$0.06. The firm had revenue of C$668.27 million for the quarter, compared to analyst estimates of C$663.50 million. Equities analysts anticipate that TRANSAT AT will post 0.05 earnings per share for the current year.

TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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