Q3 2017 EPS Estimates for TRANSAT AT Inc (TRZ) Lowered by Cormark
TRANSAT AT Inc (TSE:TRZ) – Equities research analysts at Cormark lowered their Q3 2017 earnings per share (EPS) estimates for TRANSAT AT in a research note issued to investors on Friday. Cormark analyst D. Tyerman now expects that the firm will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.56. Cormark also issued estimates for TRANSAT AT’s Q4 2017 earnings at $0.68 EPS and FY2019 earnings at $1.48 EPS.
Several other research analysts have also recently weighed in on TRZ. Paradigm Capital increased their price objective on TRANSAT AT from C$11.00 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. Scotiabank increased their price objective on TRANSAT AT from C$9.50 to C$10.50 and gave the stock an “outperform” rating in a research report on Friday, June 10th. TD Securities cut TRANSAT AT from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$11.50 to C$8.50 in a research report on Friday, June 10th. CIBC lowered their price objective on TRANSAT AT from C$8.00 to C$7.75 in a research report on Friday, June 10th. Finally, Desjardins lowered their price objective on TRANSAT AT from C$9.00 to C$8.00 and set a “hold” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. TRANSAT AT presently has an average rating of “Buy” and a consensus target price of C$9.44.
TRANSAT AT (TSE:TRZ) opened at 6.53 on Monday. The firm’s market cap is $240.42 million. TRANSAT AT has a 12 month low of $5.79 and a 12 month high of $8.70. The company’s 50-day moving average is $6.60 and its 200 day moving average is $7.47.
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TRANSAT AT Company Profile
Transat A.T. Inc is a Canada-based international tour operator. The Company operates in the holiday travel industry and markets services primarily in the Americas and Europe. The Company’s primary business consists of developing and marketing holiday travel services in package and air-only formats. It operates as an outgoing, as well as an incoming tour operator by bundling services bought in Canada and abroad, and reselling them primarily in Canada, France, the United Kingdom and in over 10 other European countries, directly or through intermediaries.
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