TAT Technologies Ltd. (NASDAQ:TATT) Receives $56.67 Average Price Target from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have received an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $56.6667.

Several brokerages have recently issued reports on TATT. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Loop Capital set a $53.00 target price on TAT Technologies in a report on Tuesday, December 30th. Stifel Nicolaus raised their price target on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Friday, March 27th. Finally, Benchmark upped their target price on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th.

TAT Technologies Stock Performance

Shares of NASDAQ:TATT opened at $39.66 on Friday. The firm has a 50 day moving average of $50.83 and a 200 day moving average of $45.74. The company has a quick ratio of 2.67, a current ratio of 4.89 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $514.79 million, a price-to-earnings ratio of 28.95 and a beta of 1.11. TAT Technologies has a 52 week low of $23.96 and a 52 week high of $64.50.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%. The company had revenue of $46.53 million for the quarter, compared to the consensus estimate of $48.04 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TATT. Greenline Wealth Management LLC purchased a new position in TAT Technologies during the 4th quarter valued at about $41,000. Royal Bank of Canada boosted its stake in shares of TAT Technologies by 978.8% in the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 1,018 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the third quarter valued at approximately $53,000. Morgan Dempsey Capital Management LLC boosted its position in TAT Technologies by 17.2% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after buying an additional 1,249 shares during the period. Finally, Fred Alger Management LLC raised its stake in shares of TAT Technologies by 12.4% in the fourth quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after acquiring an additional 1,280 shares in the last quarter. 15.13% of the stock is currently owned by hedge funds and other 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.