TRANSAT AT (TSE:TRZ) Hits New 1-Year High on Analyst Upgrade

TRANSAT AT Inc (TSE:TRZ)’s share price hit a new 52-week high on Friday after Desjardins raised their price target on the stock from C$13.00 to C$14.00. The company traded as high as C$13.58 and last traded at C$13.54, with a volume of 350821 shares traded. The stock had previously closed at C$13.39.

Several other equities analysts also recently commented on the stock. TD Securities upped their price objective on shares of TRANSAT AT from C$13.00 to C$13.50 and gave the company a “hold” rating in a report on Friday. National Bank Financial upped their price objective on TRANSAT AT from C$8.50 to C$13.00 and gave the company a “sector perform” rating in a research note on Friday, May 17th. Finally, CIBC lowered their price objective on TRANSAT AT from C$7.00 to C$6.00 in a research note on Friday, March 15th.

The company has a market cap of $505.41 million and a PE ratio of -11.82.

TRANSAT AT (TSE:TRZ) last released its quarterly earnings data on Thursday, March 14th. The company reported C($0.96) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($1.01) by C$0.05. The firm had revenue of C$647.57 million during the quarter, compared to analyst estimates of C$751.50 million. As a group, equities analysts anticipate that TRANSAT AT Inc will post 0.03 EPS for the current year.

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TRANSAT AT Company Profile (TSE:TRZ)

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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