TAT Technologies (NASDAQ:TATT) Price Target Raised to $60.00 at Stifel Nicolaus

TAT Technologies (NASDAQ:TATT) had its target price upped by equities researchers at Stifel Nicolaus from $47.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 38.01% from the stock’s previous close.

TATT has been the subject of several other research reports. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Lake Street Capital restated a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Loop Capital set a $53.00 price target on TAT Technologies in a report on Tuesday, December 30th. Finally, Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $56.67.

TAT Technologies Price Performance

NASDAQ:TATT traded down $3.85 on Friday, hitting $43.48. The company had a trading volume of 354,109 shares, compared to its average volume of 153,139. TAT Technologies has a 52 week low of $23.96 and a 52 week high of $64.50. 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 stock has a market capitalization of $546.05 million, a price-to-earnings ratio of 31.58 and a beta of 0.93. The firm has a 50 day moving average of $53.21 and a two-hundred day moving average of $45.16.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a return on equity of 11.14% and a net margin of 9.45%.The company had revenue of $46.53 million for the quarter, compared to analyst estimates of $48.04 million.

Hedge Funds Weigh In On TAT Technologies

Several large investors have recently added to or reduced their stakes in TATT. Quadrature Capital Ltd bought a new position in shares of TAT Technologies in the fourth quarter valued at approximately $630,000. Millennium Management LLC bought a new stake in shares of TAT Technologies during the 4th quarter worth $2,034,000. Apis Capital Advisors LLC increased its holdings in TAT Technologies by 10.0% during the fourth quarter. Apis Capital Advisors LLC now owns 126,496 shares of the aerospace company’s stock worth $5,649,000 after buying an additional 11,496 shares during the last quarter. Osaic Holdings Inc. raised its position in TAT Technologies by 38.3% in the fourth quarter. Osaic Holdings Inc. now owns 9,661 shares of the aerospace company’s stock worth $431,000 after acquiring an additional 2,675 shares during the period. Finally, Monimus Capital Management LP bought a new stake in TAT Technologies in the fourth quarter worth about $632,000. Institutional investors own 15.13% of the company’s stock.

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.