TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Recommendation of “Buy” from Brokerages

TAT Technologies Ltd. (NASDAQ:TATT) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $53.1667.

A number of equities research analysts recently issued reports on TATT shares. Benchmark upped their target price on TAT Technologies from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $59.00 price objective on shares of TAT Technologies in a research note on Wednesday, February 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of TAT Technologies during the 1st quarter worth about $207,000. Jane Street Group LLC raised its position in shares of TAT Technologies by 125.8% in the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock valued at $889,000 after buying an additional 18,020 shares during the last quarter. Boston Partners acquired a new position in shares of TAT Technologies in the second quarter valued at approximately $9,186,000. Calamos Advisors LLC purchased a new position in shares of TAT Technologies during the second quarter valued at approximately $228,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of TAT Technologies during the second quarter valued at approximately $11,025,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

TAT Technologies Stock Up 2.1%

TATT stock opened at $58.93 on Tuesday. 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’s 50 day simple moving average is $51.95 and its 200-day simple moving average is $44.20. TAT Technologies has a 12 month low of $23.37 and a 12 month high of $64.50. The firm has a market capitalization of $740.16 million, a PE ratio of 44.31 and a beta of 0.93.

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.