TAT Technologies (NASDAQ:TATT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

TAT Technologies (NASDAQ:TATT) had its price target upped by research analysts at Stifel Nicolaus from $47.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 39.50% from the stock’s current price.

Several other research analysts also recently issued reports on TATT. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a research note on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TAT Technologies presently has an average rating of “Buy” and an average price target of $56.67.

TAT Technologies Trading Down 9.1%

TATT stock opened at $43.01 on Friday. The business has a fifty day moving average price of $53.05 and a 200 day moving average price of $45.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.89 and a quick ratio of 2.34. TAT Technologies has a fifty-two week low of $23.96 and a fifty-two week high of $64.50. The stock has a market capitalization of $558.27 million, a price-to-earnings ratio of 31.39 and a beta of 0.93.

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

Institutional Trading of TAT Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in shares of TAT Technologies by 143.0% during the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after buying an additional 459,693 shares during the period. Boston Partners acquired a new position in TAT Technologies in the second quarter valued at approximately $13,205,000. Penn Capital Management Company LLC boosted its stake in TAT Technologies by 1,063.4% in the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after acquiring an additional 327,015 shares during the last quarter. New York State Common Retirement Fund bought a new position in TAT Technologies in the third quarter valued at approximately $10,150,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TAT Technologies during the 3rd quarter worth $8,869,000. 15.13% of the stock is currently 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.