Benchmark Raises TAT Technologies (NASDAQ:TATT) Price Target to $58.00

TAT Technologies (NASDAQ:TATT) had its price target raised by equities research analysts at Benchmark from $53.00 to $58.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Benchmark’s target price points to a potential upside of 25.76% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Jones Trading initiated coverage on TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus lifted their price objective on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, November 14th. Lake Street Capital reissued a “buy” rating and set a $59.00 target price on shares of TAT Technologies in a report on Wednesday. Wall Street Zen upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Stock Down 2.9%

TATT opened at $46.12 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The stock has a fifty day moving average of $46.18 and a 200-day moving average of $41.19. TAT Technologies has a fifty-two week low of $23.37 and a fifty-two week high of $54.80. The company has a market capitalization of $579.50 million, a P/E ratio of 34.68 and a beta of 0.93.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.27 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP bought a new position in TAT Technologies in the 3rd quarter valued at approximately $121,000. GWN Securities Inc. bought a new position in TAT Technologies in the 3rd quarter valued at approximately $202,000. Axxcess Wealth Management LLC acquired a new stake in TAT Technologies in the third quarter valued at approximately $225,000. Finally, Osaic Holdings Inc. grew its stake in shares of TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Company Profile

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.