TAT Technologies (NASDAQ:TATT) Coverage Initiated by Analysts at Lake Street Capital

Stock analysts at Lake Street Capital assumed coverage on shares of TAT Technologies (NASDAQ:TATT) in a research report issued on Tuesday. The firm set a “buy” rating and a $53.00 price target on the aerospace company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 19.88% from the stock’s current price.

Several other equities analysts have also weighed in on TATT. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 22nd. Truist Financial reduced their target price on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Benchmark initiated coverage on shares of TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price target for the company. Zacks Research cut shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Finally, Jones Trading assumed coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, TAT Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

TAT Technologies Stock Performance

NASDAQ TATT traded up $0.35 during trading on Tuesday, reaching $44.21. The company’s stock had a trading volume of 68,152 shares, compared to its average volume of 142,764. The business’s fifty day moving average price is $40.36 and its 200-day moving average price is $37.19. TAT Technologies has a twelve month low of $22.57 and a twelve month high of $46.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The firm has a market cap of $555.28 million, a price-to-earnings ratio of 33.24 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last released 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 during the quarter, compared to analyst estimates of $46.27 million. TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%.

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently made changes to their positions in TATT. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies in the 3rd quarter worth $53,000. Quantbot Technologies LP bought a new position in TAT Technologies during the third quarter valued at about $121,000. Osaic Holdings Inc. grew its holdings in TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 4,474 shares during the period. GWN Securities Inc. bought a new stake in TAT Technologies in the third quarter worth about $202,000. Finally, Goldman Sachs Group Inc. acquired a new stake in TAT Technologies in the 1st quarter valued at about $207,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.