TAT Technologies Ltd. (NASDAQ:TATT) Stock Has Consensus Price Target of $57.86

TAT Technologies Ltd. (NASDAQ:TATT) has earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have 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 $57.86.

TATT has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating on shares of TAT Technologies in a research report on Tuesday, August 25th. B. Riley Financial raised their price target on 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 reiterated a “hold” rating on shares of TAT Technologies in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th.

TAT Technologies Price Performance

Shares of TATT stock opened at $35.19 on Friday. TAT Technologies has a 1 year low of $31.52 and a 1 year high of $64.50. The firm’s 50 day moving average is $38.53 and its 200-day moving average is $40.70. The firm has a market capitalization of $457.47 million, a price-to-earnings ratio of 21.99 and a beta of 1.01. The company has a current ratio of 4.83, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $52.94 million for the quarter, compared to analysts’ expectations of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. Sell-side analysts forecast that TAT Technologies will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On TAT Technologies

A number of large investors have recently bought and sold shares of TATT. Morgan Dempsey Capital Management LLC increased its stake in 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 during the last quarter. IFP Advisors Inc grew its stake in TAT Technologies by 100.0% in the second quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock valued at $94,000 after purchasing an additional 977 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of TAT Technologies by 0.3% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock valued at $47,989,000 after buying an additional 3,122 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of TAT Technologies by 21.4% in the 2nd quarter. Tidal Investments LLC now owns 25,208 shares of the aerospace company’s stock valued at $1,216,000 after buying an additional 4,447 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of TAT Technologies in the first quarter valued at $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

About TAT Technologies

TAT Technologies Ltd. (NASDAQ: TATT) is an aerospace and defense company that designs, manufactures, and services systems and components used in commercial, military, and business aviation. Its products include heat exchangers, oil coolers, hydraulic coolers, fuel and air-conditioning system components, pre-coolers, and other thermal-management equipment for aircraft and engines.

The company also provides maintenance, repair, and overhaul services for aviation components, including heat-transfer equipment and related systems.