Transcat (NASDAQ:TRNS) PT Raised to $103.00 at Craig Hallum

Transcat (NASDAQ:TRNS – Get Rating) had its target price raised by Craig Hallum from $92.00 to $103.00 in a research note issued to investors on Wednesday, The Fly reports. Craig Hallum’s price objective points to a potential upside of 17.50% from the stock’s current price.

A number of other analysts have also commented on the company. Roth Capital boosted their price objective on Transcat from $80.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. StockNews.com initiated coverage on Transcat in a report on Thursday, May 18th. They set a “hold” rating for the company. HC Wainwright boosted their price objective on Transcat from $96.00 to $102.00 in a report on Wednesday. Finally, Northland Securities boosted their price objective on Transcat from $100.00 to $110.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Transcat currently has an average rating of “Moderate Buy” and an average target price of $102.25.

Transcat Stock Down 2.2 %

Shares of TRNS opened at $87.66 on Wednesday. Transcat has a 52 week low of $50.32 and a 52 week high of $94.10. The stock has a market capitalization of $669.72 million, a price-to-earnings ratio of 62.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 2.42. The stock has a fifty day moving average of $83.93 and a 200-day moving average of $81.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Transcat by 27.9% during the first quarter. Ameriprise Financial Inc. now owns 66,288 shares of the scientific and technical instruments company’s stock worth $5,925,000 after purchasing an additional 14,475 shares during the period. JPMorgan Chase & Co. lifted its holdings in Transcat by 34.4% in the first quarter. JPMorgan Chase & Co. now owns 5,654 shares of the scientific and technical instruments company’s stock worth $506,000 after buying an additional 1,448 shares during the period. Susquehanna International Group LLP purchased a new stake in Transcat in the first quarter worth about $482,000. State Street Corp lifted its holdings in Transcat by 4.5% in the first quarter. State Street Corp now owns 141,017 shares of the scientific and technical instruments company’s stock worth $12,606,000 after buying an additional 6,045 shares during the period. Finally, Fred Alger Management LLC lifted its holdings in Transcat by 6.1% in the first quarter. Fred Alger Management LLC now owns 727,225 shares of the scientific and technical instruments company’s stock worth $65,007,000 after buying an additional 41,563 shares during the period. Institutional investors own 83.24% of the company’s stock.

About Transcat

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Transcat, Inc engages in provision of calibration and laboratory instrument services. It operates through the Service and Distribution segments. The Service segment offers calibration, repair, inspection, analytical qualifications, preventive maintenance, consulting, and other related services. The Distribution segment distributes professional grade test, measurement, and control instrumentation.