Benchmark Raises TAT Technologies (NASDAQ:TATT) Price Target to $66.00

TAT Technologies (NASDAQ:TATT) had its price objective upped by stock analysts at Benchmark from $58.00 to $66.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Benchmark’s target price would suggest a potential upside of 16.40% from the company’s previous close.

Several other brokerages have also weighed in on TATT. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Stifel Nicolaus raised their price objective on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Loop Capital set a $53.00 price objective on TAT Technologies in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $54.50.

TAT Technologies Price Performance

Shares of NASDAQ:TATT traded down $0.64 on Thursday, reaching $56.70. 43,095 shares of the company were exchanged, compared to its average volume of 137,004. The company has a 50-day moving average of $52.47 and a 200-day moving average of $44.44. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market cap of $712.44 million, a price-to-earnings ratio of 43.07 and a beta of 0.93. TAT Technologies has a 1-year low of $23.91 and a 1-year high of $64.50.

Institutional Trading of TAT Technologies

Several large investors have recently modified their holdings of TATT. Greenline Wealth Management LLC acquired a new position in shares of TAT Technologies during the 4th quarter worth approximately $41,000. Royal Bank of Canada increased its position in TAT Technologies by 978.8% during the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the third quarter worth $53,000. Morgan Dempsey Capital Management LLC lifted its position in shares of TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in shares of TAT Technologies by 12.4% during the fourth quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after acquiring an additional 1,280 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.