TAT Technologies Ltd. (NASDAQ:TATT) Stock Has Consensus Price Target of $60.20

TAT Technologies Ltd. (NASDAQ:TATT) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $60.20.

Several research firms recently commented on TATT. UBS Group reiterated a “buy” rating on shares of TAT Technologies in a research note on Tuesday, November 3rd. Weiss Ratings lowered shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Benchmark restated a “buy” rating on shares of TAT Technologies in a report on Tuesday, August 25th. Finally, B. Riley Financial restated a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of TAT Technologies in a report on Tuesday, November 3rd.

Institutional Investors Weigh In On TAT Technologies

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in TAT Technologies by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 977 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of TAT Technologies in the 1st quarter worth approximately $228,000. Virtus Advisers LLC lifted its position in shares of TAT Technologies by 25.1% in the 3rd quarter. Virtus Advisers LLC now owns 9,014 shares of the aerospace company’s stock worth $316,000 after acquiring an additional 1,808 shares during the period. Morgan Dempsey Capital Management LLC lifted its position in shares of TAT Technologies by 10.4% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 888 shares during the period. Finally, Boston Partners grew its holdings in shares of TAT Technologies by 54.7% during the 3rd quarter. Boston Partners now owns 9,790 shares of the aerospace company’s stock worth $343,000 after purchasing an additional 3,461 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Stock Performance

Shares of TATT traded down $0.52 during mid-day trading on Friday, hitting $37.60. The company’s stock had a trading volume of 121,409 shares, compared to its average volume of 148,060. TAT Technologies has a one year low of $30.47 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.49 and a current ratio of 4.97. The firm has a market capitalization of $488.80 million, a PE ratio of 20.77 and a beta of 1.04. The stock’s 50-day moving average is $35.66 and its two-hundred day moving average is $41.74.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Monday, November 2nd. The aerospace company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.19. TAT Technologies had a net margin of 12.17% and a return on equity of 11.02%. The business had revenue of $55.56 million for the quarter, compared to the consensus estimate of $52.84 million. As a group, sell-side analysts anticipate that TAT Technologies will post 1.64 EPS for the current year.

TAT Technologies Company Profile

TAT Technologies Ltd. is an aerospace and defense company that designs, manufactures, and services thermal-management and other aircraft systems. Its products include heat exchangers and environmental control systems used in commercial and military aircraft. The company also provides maintenance, repair, and overhaul services for aircraft components, including auxiliary power units, heat exchangers, and other systems. These services support airlines, original equipment manufacturers, and military customers.