TAT Technologies Ltd. (NASDAQ:TATT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $47.80.

TATT has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 22nd. Zacks Research cut shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Benchmark started coverage on shares of TAT Technologies in a research report on Monday, November 17th. They set a “buy” rating and a $53.00 target price on the stock. Stifel Nicolaus upped their target price on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Wall Street Zen cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Sunday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TATT. PNC Financial Services Group Inc. bought a new position in shares of TAT Technologies during the third quarter valued at $53,000. Quantbot Technologies LP acquired a new stake in shares of TAT Technologies during the 3rd quarter worth about $121,000. Osaic Holdings Inc. lifted its holdings in TAT Technologies by 470.9% during the 2nd 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 last quarter. GWN Securities Inc. acquired a new position in TAT Technologies in the third quarter valued at about $202,000. Finally, Goldman Sachs Group Inc. acquired a new position in TAT Technologies in the first quarter valued at about $207,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Stock Down 3.5%

TATT stock opened at $43.86 on Thursday. TAT Technologies has a twelve month low of $22.57 and a twelve month high of $46.45. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. The company has a market cap of $550.88 million, a PE ratio of 32.98 and a beta of 0.89. The business’s 50-day simple moving average is $40.36 and its 200 day simple moving average is $37.19.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The firm had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million.

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.