TAT Technologies (NASDAQ:TATT) Research Coverage Started at B. Riley Financial
by Amy Steele · The Cerbat GemB. Riley Financial began coverage on shares of TAT Technologies (NASDAQ:TATT – Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $61.00 price target on the aerospace company’s stock.
A number of other analysts have also recently weighed in on the company. Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Lake Street Capital restated a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research note on Friday, March 27th. Finally, Benchmark raised their price target on TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two equities research analysts have 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.com, TAT Technologies has an average rating of “Buy” and an average price target of $57.29.
View Our Latest Stock Report on TATT
TAT Technologies Price Performance
NASDAQ:TATT opened at $44.71 on Wednesday. TAT Technologies has a one year low of $24.56 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 4.89. The stock has a market cap of $580.34 million, a PE ratio of 32.64 and a beta of 1.11. The stock has a 50 day moving average price of $50.07 and a 200 day moving average price of $45.70.
TAT Technologies (NASDAQ:TATT – Get Free Report) last posted its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.The business had revenue of $46.53 million for the quarter, compared to analyst estimates of $48.04 million.
Institutional Investors Weigh In On TAT Technologies
Several institutional investors have recently modified their holdings of TATT. Greenline Wealth Management LLC purchased a new stake in shares of TAT Technologies during the 4th quarter worth approximately $41,000. Royal Bank of Canada lifted its stake in TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in TAT Technologies in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in TAT Technologies in the 3rd quarter valued at approximately $121,000. Finally, Osaic Holdings Inc. lifted its stake in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.
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.