What’s TRANSAT AT Inc Downside After Today’s Huge Decline?

 What's TRANSAT AT Inc Downside After Today's Huge Decline?

The stock of TRANSAT AT Inc (TSE:TRZ) is a huge mover today! About 29,900 shares traded hands or 89.08% up from the average. TRANSAT AT Inc (TSE:TRZ) has declined 17.68% since March 24, 2016 and is downtrending. It has underperformed by 21.15% the S&P500.
The move comes after 6 months negative chart setup for the $223.61M company. It was reported on Oct, 31 by Barchart.com. We have $5.45 PT which if reached, will make TSE:TRZ worth $22.36 million less.

TRANSAT AT Inc (TSE:TRZ) Ratings Coverage

Out of 6 analysts covering Transat (TSE:TRZ), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Transat has been the topic of 16 analyst reports since December 11, 2015 according to StockzIntelligence Inc. IBC downgraded TRANSAT AT Inc (TSE:TRZ) on Thursday, February 4 to “Sector Underperformer” rating. On Friday, June 10 the stock rating was downgraded by TD Securities to “Hold”. The rating was maintained by TD Securities on Wednesday, August 31 with “Hold”.

More news for TRANSAT AT Inc (TSE:TRZ) were recently published by: Business.Financialpost.com, which released: “Transat A.T. Inc shrugs off capacity, competition concerns as stock soars more …” on December 10, 2015. Theglobeandmail.com‘s article titled: “Transat CEO Jean-Marc Eustache’s work is ‘not a job; it’s my life'” and published on July 17, 2015 is yet another important article.

Transat A.T. Inc. is a Canada-based international tour operator. The company has a market cap of $223.61 million. The Firm operates in the holiday travel industry and markets services primarily in the Americas and Europe. It currently has negative earnings. The Company’s primary business consists of developing and marketing holiday travel services in package and air-only formats.

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