Stifel Nicolaus Raises TAT Technologies (NASDAQ:TATT) Price Target to $60.00

TAT Technologies (NASDAQ:TATT) had its price target raised by investment analysts at Stifel Nicolaus from $47.00 to $60.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 38.01% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research report on Tuesday, December 30th. Lake Street Capital reaffirmed a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research note on Wednesday, February 4th. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $56.67.

TAT Technologies Stock Down 8.1%

Shares of NASDAQ TATT traded down $3.85 during mid-day trading on Friday, reaching $43.48. 354,109 shares of the company’s stock were exchanged, compared to its average volume of 153,139. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $53.21 and a 200 day simple moving average of $45.16. TAT Technologies has a twelve month low of $23.96 and a twelve month high of $64.50. The firm has a market capitalization of $546.05 million, a price-to-earnings ratio of 31.58 and a beta of 0.93.

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 analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $46.53 million for the quarter, compared to the consensus estimate of $48.04 million. TAT Technologies had a return on equity of 11.14% and a net margin of 9.45%.

Institutional Investors Weigh In On TAT Technologies

Large investors have recently made changes to their positions in the stock. Greenline Wealth Management LLC bought a new stake in TAT Technologies during the fourth quarter worth $41,000. Royal Bank of Canada increased its position in 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 during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of TAT Technologies during the 3rd quarter worth approximately $53,000. Quantbot Technologies LP bought a new position in shares of TAT Technologies during the 3rd quarter worth approximately $121,000. Finally, Osaic Holdings Inc. increased its holdings in shares of TAT Technologies by 470.9% during the 2nd 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 last quarter. Institutional investors and hedge funds 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.