Jones Trading Initiates Coverage on TAT Technologies (NASDAQ:TATT)

Key Points

• Jones Trading has initiated coverage on TAT Technologies (NASDAQ:TATT), giving it a "buy" rating and setting a price target of $50.00, indicating a potential upside of 17.12% from its previous closing price.
• Other brokerages have also shown interest, with Lake Street Capital setting a price target of $37.00 and Stifel Nicolaus at $44.00, while Zacks Research upgraded the stock to a "strong-buy" rating.
• TAT Technologies reported a quarterly EPS of $0.30, which exceeded estimates, despite revenue falling short of expectations at $43.10 million.

Stock analysts at Jones Trading assumed coverage on shares of TAT Technologies (NASDAQ:TATT - Get Free Report) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a "buy" rating and a $50.00 price target on the aerospace company's stock. Jones Trading's target price points to a potential upside of 17.12% from the company's previous close.

Several other brokerages have also commented on TATT. Lake Street Capital began coverage on TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective on the stock. Weiss Ratings lowered TAT Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Stifel Nicolaus began coverage on TAT Technologies in a report on Tuesday, September 16th. They set a "buy" rating and a $44.00 target price for the company. Zacks Research upgraded TAT Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, TAT Technologies has an average rating of "Buy" and an average price target of $40.40.

TAT Technologies Price Performance

Shares of TAT Technologies stock opened at $42.69 on Friday. The company has a current ratio of 4.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $536.19 million, a PE ratio of 34.99 and a beta of 0.91. The business's 50-day moving average price is $38.28 and its 200-day moving average price is $32.43. TAT Technologies has a 12 month low of $17.02 and a 12 month high of $45.40.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The aerospace company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $43.10 million for the quarter, compared to analyst estimates of $43.85 million. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.

Institutional Investors Weigh In On TAT Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtus Advisers LLC purchased a new stake in TAT Technologies in the 1st quarter worth approximately $45,000. Catalyst Capital Advisors LLC purchased a new stake in TAT Technologies in the 1st quarter worth approximately $63,000. Osaic Holdings Inc. lifted its holdings in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock worth $166,000 after buying an additional 4,474 shares during the period. Morgan Dempsey Capital Management LLC lifted its holdings in TAT Technologies by 72.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock worth $221,000 after buying an additional 3,050 shares during the period. Finally, PDT Partners LLC purchased a new stake in TAT Technologies in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.

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