TRANSAT AT (TRZ) Given New C$15.00 Price Target at National Bank Financial

TRANSAT AT (TSE:TRZ) had its price objective upped by National Bank Financial from C$13.50 to C$15.00 in a research note released on Wednesday. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for TRANSAT AT’s Q1 2018 earnings at ($0.88) EPS, FY2018 earnings at $0.38 EPS and FY2019 earnings at $0.49 EPS.

Several other research analysts have also recently weighed in on the company. Scotiabank increased their price objective on TRANSAT AT from C$10.00 to C$10.50 and gave the stock a sector perform rating in a research report on Friday, December 15th. CIBC lowered their price objective on TRANSAT AT from C$11.00 to C$10.50 in a research report on Monday, September 11th. TD Securities increased their price objective on TRANSAT AT from C$11.00 to C$12.00 and gave the stock a hold rating in a research report on Friday, September 8th. Desjardins increased their price objective on TRANSAT AT from C$14.00 to C$15.00 in a research report on Friday, September 8th. Finally, Laurentian Bank of Canada upgraded TRANSAT AT from a hold rating to a buy rating and set a C$10.25 price objective on the stock in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$11.93.

Shares of TRANSAT AT (TSE:TRZ) opened at C$11.31 on Wednesday. TRANSAT AT has a 12 month low of C$5.03 and a 12 month high of C$11.82. The firm has a market capitalization of $419.32, a price-to-earnings ratio of 3.15 and a beta of 0.49.

In related news, Director Jean-Pierre Delisle purchased 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average price of C$10.30 per share, for a total transaction of C$49,440.00. Insiders purchased 6,340 shares of company stock worth $65,184 in the last 90 days.

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About TRANSAT AT

Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 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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