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Transat A.T. V & VV (TRZ) was Downgraded to a Hold Rating at TD Securities


Today, an analyst has provided a rating update for the Services sector company, Transat A.T. V & VV (TSX: TRZ). TD Securities’ analyst Tim James downgraded TRZ to Hold , with a C$8.50 price target.

James has an average return of 0.3% when recommending Transat A.T. V & VV.

According to TipRanks.com, James is ranked #1206 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, implying a 30.1% upside from current levels. In a report released today, CIBC also maintained a Hold rating on the stock with a C$8.50 price target.

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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.