TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Rating of “Buy” from Brokerages

TAT Technologies Ltd. (NASDAQ:TATT) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $57.2857.

A number of research firms recently weighed in on TATT. Benchmark upped their target price on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Zacks Research downgraded shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. B. Riley Financial assumed coverage on shares of TAT Technologies in a research report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $59.00 price objective on shares of TAT Technologies in a research report on Wednesday, February 4th.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new stake in TAT Technologies in the 1st quarter worth about $228,000. Renaissance Technologies LLC grew its position in TAT Technologies by 14.9% in the 1st quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock worth $8,264,000 after purchasing an additional 26,400 shares in the last quarter. Sei Investments Co. grew its position in TAT Technologies by 91.4% in the 1st quarter. Sei Investments Co. now owns 39,366 shares of the aerospace company’s stock worth $1,599,000 after purchasing an additional 18,799 shares in the last quarter. Walleye Capital LLC bought a new stake in TAT Technologies in the 1st quarter worth about $1,054,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in TAT Technologies by 26.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after purchasing an additional 95,756 shares in the last quarter. 15.13% of the stock is owned by institutional investors.

TAT Technologies Trading Down 0.3%

TATT opened at $37.07 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.67. TAT Technologies has a fifty-two week low of $25.52 and a fifty-two week high of $64.50. The firm has a market capitalization of $481.28 million, a PE ratio of 28.74 and a beta of 0.96. The company’s 50-day moving average is $40.91 and its 200 day moving average is $44.75.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. The company had revenue of $41.15 million for the quarter, compared to analyst estimates of $40.25 million. As a group, research analysts predict that TAT Technologies will post 1.47 earnings per share for the current fiscal year.

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.