The Services sector company, Transat A.T. V & VV (TRZ), has received a rating update from a Wall Street analyst on May 17. Desjardins’ analyst Benoit Poirier downgraded TRZ to Hold on May 17 , with a C$13 price target.
Poirier has an average return of 26.9% when recommending Transat A.T. V & VV.
According to TipRanks.com, Poirier is ranked #241 out of 5184 analysts.
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Currently, the analyst consensus on Transat A.T. V & VV is a Hold with an average price target of C$11.08, representing a -7.6% downside. In a report issued on May 17, CIBC also upgraded the stock to Hold with a C$13 price target.
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Based on Transat A.T. V & VV’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of C$49.65 million. In comparison, last year the company had a net profit of C$6.68 million.
Transat A.T., Inc. develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats. The company offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands. It operates through Holiday Travel segment.
The company’s shares closed on Friday at C$11.99, close to its 52-week high of C$12.50.
