TAT Technologies Ltd. (NASDAQ:TATT) Stock Has Consensus Target Price of $59.17 According to Brokerages

TAT Technologies Ltd. (NASDAQ:TATT) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.17.

A number of equities analysts have recently commented on TATT shares. B. Riley Financial raised their target price on shares of TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a research note on Wednesday, July 15th. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Benchmark reissued a “buy” rating on shares of TAT Technologies in a research note on Tuesday, August 25th.

TAT Technologies Trading Down 2.3%

Shares of TATT stock opened at $32.78 on Wednesday. The company has a market cap of $426.14 million, a PE ratio of 20.49 and a beta of 1.01. TAT Technologies has a 1 year low of $30.98 and a 1 year high of $64.50. The stock’s 50 day simple moving average is $36.69 and its two-hundred day simple moving average is $39.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.61.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $52.94 million for the quarter, compared to the consensus estimate of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. Research analysts predict that TAT Technologies will post 1.40 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TATT. IFP Advisors Inc lifted its position in shares of TAT Technologies by 100.0% during the second quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock valued at $94,000 after buying an additional 977 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of TAT Technologies in the 1st quarter valued at about $228,000. Morgan Dempsey Capital Management LLC boosted its holdings 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 valued at $382,000 after buying an additional 888 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of TAT Technologies in the 2nd quarter valued at about $711,000. Finally, Illumine Investment Management LLC purchased a new position in shares of TAT Technologies in the 1st quarter worth approximately $825,000. 15.13% of the stock is owned by institutional investors.

About TAT Technologies

TAT Technologies Ltd. (NASDAQ: TATT) is an aerospace and defense company that designs, manufactures, and services thermal-management systems and other aircraft components. Its products include heat exchangers, air-conditioning and environmental-control components, pre-coolers, and related systems used in commercial, military, and business aircraft.

The company also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, landing-gear components, and auxiliary power units.