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

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $53.1667.

TATT has been the subject of a number of analyst reports. Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Stifel Nicolaus raised their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a report on Tuesday, December 30th. Finally, Benchmark upped their price target on TAT Technologies from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th.

TAT Technologies Stock Up 2.1%

Shares of NASDAQ:TATT opened at $58.93 on Tuesday. TAT Technologies has a fifty-two week low of $23.37 and a fifty-two week high of $64.50. 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 firm’s 50-day simple moving average is $51.95 and its 200-day simple moving average is $44.20. The company has a market cap of $740.16 million, a price-to-earnings ratio of 44.31 and a beta of 0.93.

Institutional Trading of TAT Technologies

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies in the first quarter valued at $207,000. Jane Street Group LLC boosted its position in shares of TAT Technologies by 125.8% in the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after buying an additional 18,020 shares in the last quarter. Boston Partners acquired a new stake in TAT Technologies in the 2nd quarter valued at about $9,186,000. Calamos Advisors LLC acquired a new stake in TAT Technologies in the 2nd quarter valued at about $228,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in TAT Technologies during the 2nd quarter valued at about $11,025,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.