TAT Technologies Ltd. (NASDAQ:TATT) Receives $53.17 Average Price Target from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $54.50.

A number of equities analysts have issued reports on the stock. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Lake Street Capital restated a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research note on Tuesday, December 30th.

TAT Technologies Trading Down 3.3%

Shares of NASDAQ:TATT opened at $55.46 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. TAT Technologies has a 52-week low of $23.91 and a 52-week high of $64.50. The stock has a market cap of $696.58 million, a price-to-earnings ratio of 41.70 and a beta of 0.93. The business has a 50-day moving average price of $52.69 and a 200-day moving average price of $44.52.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Greenline Wealth Management LLC purchased a new position in shares of TAT Technologies during the 4th quarter worth $41,000. Royal Bank of Canada lifted its holdings in 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 acquiring an additional 1,018 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in TAT Technologies in the third quarter worth approximately $53,000. Quantbot Technologies LP purchased a new position in TAT Technologies in the third quarter worth approximately $121,000. Finally, GWN Securities Inc. purchased a new stake in TAT Technologies in the third quarter valued at $202,000. 15.13% of the stock is owned by institutional investors and hedge funds.

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.