CIBC Maintains a Hold Rating on Transat A.T. V & VV (TRZ)
Today, an analyst has provided a rating update for the Services sector company, Transat A.T. V & VV (TSX: TRZ). Analyst Kevin Chiang from CIBC remains neutral on the stock and has a C$8.50 price target.
Chiang has an average return of 6.0% when recommending Transat A.T. V & VV.
According to TipRanks.com, Chiang is ranked #381 out of 4875 analysts.
Currently, the analyst consensus on Transat A.T. V & VV is a Moderate Buy with an average price target of C$10.67, a 30.1% upside from current levels. In a report released today, TD Securities also downgraded the stock to Hold with a C$8.50 price target.
Based on Transat A.T. V & VV’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of C$4.04 million. In comparison, last year the company had a net profit of C$26.59 million.
Transat A.T., Inc. engages in developing and marketing holiday travel services in package and air-only formats. It is also a retail distributor, both online and through travel agencies, some of which it owns. The company was founded by Jean-Marc Eustache, Lina De Cesare and Philippe Sureau on February 13, 1987 and is headquartered in Montreal, Canada.
The company’s shares closed on Friday at C$8.20.