TAT Technologies (NASDAQ:TATT) Price Target Raised to $66.00

TAT Technologies (NASDAQ:TATT) had its price objective upped by Benchmark from $58.00 to $66.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the aerospace company’s stock.

Several other research analysts also recently weighed in on TATT. Loop Capital set a $53.00 price target on TAT Technologies in a research note on Tuesday, December 30th. Lake Street Capital restated a “buy” rating and issued a $59.00 price objective on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Truist Financial cut their target price on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Stifel Nicolaus lifted their target price on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $54.50.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $54.81 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The business has a fifty day simple moving average of $52.84 and a two-hundred day simple moving average of $44.70. TAT Technologies has a 1 year low of $23.92 and a 1 year high of $64.50. The company has a market capitalization of $688.41 million, a P/E ratio of 41.21 and a beta of 0.93.

Institutional Trading of TAT Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TATT. Greenline Wealth Management LLC purchased a new stake in TAT Technologies during the 4th quarter worth about $41,000. Royal Bank of Canada grew its holdings in TAT Technologies by 978.8% during the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the third quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies during the third quarter valued at about $121,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of TAT Technologies by 470.9% in 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 in the last quarter. 15.13% of the stock is currently owned by institutional investors.

About TAT Technologies

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.