TAT Technologies (NASDAQ:TATT) Upgraded at Wall Street Zen

TAT Technologies (NASDAQ:TATT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Other research analysts have also recently issued reports about the stock. Jones Trading began coverage on shares of TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 price objective on the stock. Benchmark initiated coverage on TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 target price on the stock. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Stifel Nicolaus raised their price objective on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $51.33.

TAT Technologies Stock Up 0.7%

TATT stock opened at $52.54 on Friday. TAT Technologies has a 52 week low of $23.37 and a 52 week high of $53.83. The business has a 50-day simple moving average of $44.06 and a 200 day simple moving average of $39.96. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. The company has a market cap of $659.90 million, a PE ratio of 39.50 and a beta of 0.89.

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

Hedge Funds Weigh In On TAT Technologies

A number of hedge funds have recently made changes to their positions in TATT. PNC Financial Services Group Inc. acquired a new stake in TAT Technologies during the third quarter worth approximately $53,000. Quantbot Technologies LP acquired a new position in shares of TAT Technologies during the 3rd quarter valued at $121,000. GWN Securities Inc. bought a new position in TAT Technologies during the third quarter worth $202,000. Axxcess Wealth Management LLC acquired a new stake in TAT Technologies in the third quarter worth $225,000. Finally, Osaic Holdings Inc. increased its stake in TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors.

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.