TAT Technologies (NASDAQ:TATT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research note published on Saturday.

A number of other equities analysts also recently commented on the stock. Zacks Research downgraded shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Stifel Nicolaus increased their price objective on TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Jones Trading started coverage on TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price objective on the stock. Truist Financial lowered their target price on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Benchmark started coverage on TAT Technologies in a research report on Monday, November 17th. They set a “buy” rating and a $53.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.80.

TAT Technologies Stock Performance

TATT stock opened at $40.08 on Friday. 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 business’s fifty day simple moving average is $39.98 and its two-hundred day simple moving average is $36.37. TAT Technologies has a twelve month low of $22.57 and a twelve month high of $45.83. The firm has a market cap of $503.40 million, a price-to-earnings ratio of 30.14 and a beta of 0.89.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in TAT Technologies during the first quarter valued at about $45,000. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies in the 3rd quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies in the 3rd quarter valued at about $121,000. Osaic Holdings Inc. grew its position in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the last quarter. Finally, GWN Securities Inc. bought a new position in shares of TAT Technologies during the 3rd quarter worth approximately $202,000. 15.13% of the stock is owned by institutional investors.

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.