TAT Technologies (NASDAQ:TATT) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Loop Capital set a $53.00 price target on shares of TAT Technologies in a report on Tuesday, December 30th. B. Riley Financial began coverage on shares of TAT Technologies in a report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 price target for the company. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $57.29.

TAT Technologies Stock Performance

TATT opened at $42.60 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.89 and a quick ratio of 2.67. The firm has a fifty day moving average price of $49.79 and a 200 day moving average price of $45.82. TAT Technologies has a 1 year low of $24.56 and a 1 year high of $64.50. The stock has a market cap of $552.95 million, a P/E ratio of 31.09 and a beta of 1.11.

TAT Technologies (NASDAQ:TATT) last posted its 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 net margin of 9.45% and a return on equity of 10.69%. The firm had revenue of $46.53 million during the quarter, compared to analyst estimates of $48.04 million.

Institutional Investors Weigh In On TAT Technologies

A number of large investors have recently modified their holdings of the business. Greenline Wealth Management LLC purchased a new stake in shares of TAT Technologies during the fourth quarter worth $41,000. Royal Bank of Canada grew its holdings 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 worth $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of TAT Technologies during the third quarter worth $53,000. Morgan Dempsey Capital Management LLC grew its holdings in shares of TAT Technologies by 17.2% during the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after buying an additional 1,249 shares in the last quarter. Finally, Fred Alger Management LLC grew its holdings in shares of TAT Technologies by 12.4% during the fourth 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 in the last quarter. Hedge funds and other 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.