Transcat, Inc. (NASDAQ:TRNS) Receives $105.33 Consensus PT from Analysts

Transcat, Inc. (NASDAQ:TRNS) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $105.3333.

TRNS has been the topic of a number of recent analyst reports. Northland Securities set a $95.00 price target on shares of Transcat in a research note on Thursday, October 23rd. Northland Capmk upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Transcat in a report on Monday, December 29th. Finally, Zacks Research raised shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th.

Transcat Stock Up 0.8%

NASDAQ:TRNS opened at $57.16 on Thursday. Transcat has a 1-year low of $50.23 and a 1-year high of $111.29. The firm’s 50-day moving average price is $58.49 and its 200-day moving average price is $71.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.43 and a quick ratio of 2.06. The company has a market capitalization of $533.30 million, a PE ratio of 46.85 and a beta of 0.78.

Transcat (NASDAQ:TRNS) last announced its earnings results on Monday, November 3rd. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Transcat had a net margin of 3.75% and a return on equity of 6.81%. The firm had revenue of $82.27 million during the quarter, compared to analyst estimates of $79.51 million. On average, equities analysts predict that Transcat will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Transcat

A number of institutional investors and hedge funds have recently bought and sold shares of TRNS. Conestoga Capital Advisors LLC grew its holdings in shares of Transcat by 13.7% in the second quarter. Conestoga Capital Advisors LLC now owns 1,088,471 shares of the scientific and technical instruments company’s stock valued at $93,565,000 after purchasing an additional 131,217 shares during the period. Bessemer Group Inc. raised its stake in Transcat by 35.8% during the second quarter. Bessemer Group Inc. now owns 244,491 shares of the scientific and technical instruments company’s stock worth $21,016,000 after purchasing an additional 64,422 shares during the period. Howe & Rusling Inc. boosted its holdings in Transcat by 115.8% in the 1st quarter. Howe & Rusling Inc. now owns 8,310 shares of the scientific and technical instruments company’s stock valued at $619,000 after purchasing an additional 4,459 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Transcat by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 223,202 shares of the scientific and technical instruments company’s stock valued at $19,189,000 after purchasing an additional 4,030 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Transcat in the 2nd quarter valued at approximately $259,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Transcat Company Profile

Transcat, Inc (NASDAQ: TRNS) is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.