TAT Technologies Ltd. (NASDAQ:TATT) Receives $53.17 Average Price Target from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $54.50.

Several equities research analysts have recently issued reports on TATT shares. Lake Street Capital reaffirmed a “buy” rating and issued a $59.00 price objective on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Loop Capital set a $53.00 target price on shares of TAT Technologies in a research note on Tuesday, December 30th.

Institutional Investors Weigh In On TAT Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Greenline Wealth Management LLC bought a new position in TAT Technologies in the 4th quarter valued at $41,000. Royal Bank of Canada boosted its stake in shares of TAT Technologies by 978.8% during the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 1,018 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of TAT Technologies during the third quarter valued at $53,000. Morgan Dempsey Capital Management LLC grew its holdings in shares of TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in TAT Technologies by 12.4% in the 4th quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock worth $520,000 after buying an additional 1,280 shares during the period. 15.13% of the stock is owned by institutional investors.

TAT Technologies Stock Performance

TAT Technologies stock opened at $57.69 on Tuesday. The company’s 50-day moving average price is $53.00 and its 200-day moving average price is $44.89. 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 company has a market cap of $724.59 million, a PE ratio of 43.38 and a beta of 0.93. TAT Technologies has a twelve month low of $23.92 and a twelve month high of $64.50.

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.