TAT Technologies Ltd. (NASDAQ:TATT) Stock Has Average Price Target of $59.17 According to Analysts

TAT Technologies Ltd. (NASDAQ:TATT) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $59.17.

A number of equities research analysts have recently commented on the company. Benchmark reissued a “buy” rating on shares of TAT Technologies in a research note on Tuesday, August 25th. William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, B. Riley Financial upped their price target on shares of TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.

TAT Technologies Stock Down 2.3%

Shares of NASDAQ:TATT opened at $32.78 on Wednesday. The firm has a fifty day moving average price of $36.69 and a two-hundred day moving average price of $39.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.61. TAT Technologies has a one year low of $30.98 and a one year high of $64.50. The company has a market cap of $426.14 million, a price-to-earnings ratio of 20.49 and a beta of 1.01.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $52.94 million during the quarter, compared to analyst estimates of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. Analysts anticipate that TAT Technologies will post 1.40 EPS for the current fiscal year.

Institutional Investors Weigh In On TAT Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in TAT Technologies during the second quarter valued at approximately $21,213,000. Wasatch Advisors LP increased its stake in TAT Technologies by 35.1% in the 2nd quarter. Wasatch Advisors LP now owns 768,702 shares of the aerospace company’s stock worth $37,074,000 after acquiring an additional 199,622 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of TAT Technologies during the 1st quarter worth approximately $7,733,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of TAT Technologies by 26.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after acquiring an additional 95,756 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of TAT Technologies by 14.9% during the 1st quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock worth $8,264,000 after acquiring an additional 26,400 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

TAT Technologies Ltd. (NASDAQ: TATT) is an aerospace and defense company that designs, manufactures, and services thermal-management systems and other aircraft components. Its products include heat exchangers, air-conditioning and environmental-control components, pre-coolers, and related systems used in commercial, military, and business aircraft.

The company also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, landing-gear components, and auxiliary power units.