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An update from Transat AT V & VV ( (TSE:TRZ) ) is now available.
Air Transat has completed a US$45 million engine sale and leaseback agreement with Rolls-Royce & Partners Finance for two Pratt & Whitney spare engines. This transaction aims to enhance the airline’s liquidity, allowing it to repay debt, redeem preferred shares, and fund operations, thereby strengthening its financial position.
The most recent analyst rating on (TSE:TRZ) stock is a Sell with a C$1.50 price target. To see the full list of analyst forecasts on Transat AT V & VV stock, see the TSE:TRZ Stock Forecast page.
Spark’s Take on TSE:TRZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRZ is a Neutral.
The overall score reflects a challenging financial position with some positive cash flow management and earnings call highlights. Technical and valuation metrics remain weak, offset by positive corporate events signaling strategic efforts for improvement.
To see Spark’s full report on TSE:TRZ stock, click here.
More about Transat AT V & VV
Air Transat, a subsidiary of Transat A.T. Inc., is a leading travel brand founded in Montreal in 1987, known for its excellent customer service and energy-efficient fleet. It offers access to international destinations primarily in Europe, the Caribbean, the east coast of the United States, South America, and North Africa. The airline operates major hubs at Montréal-Trudeau International Airport and Toronto Pearson Airport, employing 5,000 people.
Average Trading Volume: 124,085
Technical Sentiment Signal: Buy
Current Market Cap: C$104.3M
See more insights into TRZ stock on TipRanks’ Stock Analysis page.