Brokerages Set TAT Technologies Ltd. (NASDAQ:TATT) Target Price at $47.80

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.80.

A number of equities research analysts have recently commented on TATT shares. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus upped 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. Zacks Research downgraded TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 22nd. Finally, Jones Trading began coverage on TAT Technologies in a research report on Friday, October 10th. They set a “buy” rating and a $50.00 target price on the stock.

Institutional Trading of TAT Technologies

Several large investors have recently modified their holdings of TATT. Meitav Investment House Ltd. increased its stake in shares of TAT Technologies by 61.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock valued at $44,722,000 after acquiring an additional 555,286 shares in the last quarter. Wasatch Advisors LP increased its stake in TAT Technologies by 5.5% in the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock valued at $36,291,000 after purchasing an additional 43,022 shares in the last quarter. Boston Partners bought a new stake in TAT Technologies in the second quarter valued at $13,205,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of TAT Technologies during the second quarter valued at about $11,025,000. Finally, Penn Capital Management Company LLC boosted its position in shares of TAT Technologies by 1,063.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after purchasing an additional 327,015 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of TATT opened at $43.86 on Thursday. The business has a 50-day moving average of $40.36 and a 200-day moving average of $37.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The company has a market capitalization of $550.88 million, a price-to-earnings ratio of 32.98 and a beta of 0.89. TAT Technologies has a 1 year low of $22.57 and a 1 year high of $46.45.

TAT Technologies (NASDAQ:TATT) last announced 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 net margin of 9.08% and a return on equity of 11.10%. The company had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million.

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.