Benchmark Issues Positive Forecast for TAT Technologies (NASDAQ:TATT) Stock Price

TAT Technologies (NASDAQ:TATT) had its price target boosted by Benchmark from $53.00 to $58.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other brokerages also recently weighed in on TATT. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Stifel Nicolaus lifted their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Jones Trading started coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price objective for the company. Truist Financial dropped their target price on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Wall Street Zen raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Stock Down 2.5%

TAT Technologies stock opened at $47.49 on Wednesday. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. TAT Technologies has a 1-year low of $23.37 and a 1-year high of $54.80. The firm’s fifty day simple moving average is $46.02 and its 200-day simple moving average is $41.16. The company has a market capitalization of $596.47 million, a P/E ratio of 35.71 and a beta of 0.93.

TAT Technologies (NASDAQ:TATT) last posted 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). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.27 million.

Institutional Investors Weigh In On TAT Technologies

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in TAT Technologies during the third quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies during the third quarter valued at approximately $121,000. Osaic Holdings Inc. increased its position in shares of TAT Technologies by 470.9% during 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 during the period. GWN Securities Inc. acquired a new position in shares of TAT Technologies in the third quarter valued at $202,000. Finally, Goldman Sachs Group Inc. bought a new position in TAT Technologies in the first quarter worth $207,000. Institutional investors own 15.13% of the company’s stock.

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.