Transcat, Inc. (TRNS) – What Are Analysts Saying About This Stock?

Transcat, Inc. (NASDAQ:TRNS) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $108.33.

TRNS has been the subject of several recent analyst reports. Oppenheimer raised Transcat from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Wednesday, November 4th. CJS Securities assumed coverage on Transcat in a research note on Tuesday, October 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Zacks Research upgraded Transcat from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th. Northland Securities raised shares of Transcat from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research report on Wednesday, October 21st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Transcat in a research note on Tuesday, August 25th.

Transcat Stock Performance

Shares of TRNS stock opened at $106.61 on Wednesday. The business’s 50 day simple moving average is $87.82 and its 200 day simple moving average is $82.87. Transcat has a one year low of $50.23 and a one year high of $112.44. The stock has a market capitalization of $1.00 billion, a PE ratio of 222.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.57 and a quick ratio of 2.19.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings results on Tuesday, November 3rd. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. The firm had revenue of $97.09 million for the quarter, compared to the consensus estimate of $92.46 million. Transcat had a net margin of 1.26% and a return on equity of 6.14%. As a group, research analysts forecast that Transcat will post 2.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jaime A. Irick purchased 2,275 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $101.26 per share, with a total value of $230,366.50. Following the completion of the purchase, the chief executive officer owned 2,275 shares in the company, valued at approximately $230,366.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Transcat during the second quarter valued at approximately $32,000. Persistent Asset Partners Ltd acquired a new position in shares of Transcat during the second quarter worth approximately $52,000. GAMMA Investing LLC lifted its holdings in shares of Transcat by 133.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,030 shares of the scientific and technical instruments company’s stock worth $91,000 after purchasing an additional 589 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Transcat in the 2nd quarter worth $204,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Transcat in the 3rd quarter valued at $221,000. 98.34% of the stock is owned by institutional investors and hedge funds.

About Transcat

Transcat, Inc. provides calibration and related services, including instrument repair, inspection and compliance support. Its services help customers maintain the accuracy and reliability of equipment used in regulated and quality-sensitive operations. The company also distributes professional-grade test, measurement and control instruments from a range of manufacturers. Its offerings include equipment used to measure and monitor variables such as pressure, temperature, electrical signals and humidity.