Stock analysts at Lake Street Capital initiated coverage on shares of Transcat (NASDAQ:TRNS - Get Free Report) in a research note issued on Thursday. The brokerage set a "buy" rating and a $105.00 price target on the scientific and technical instruments company's stock. Lake Street Capital's price objective would suggest a potential upside of 19.04% from the company's previous close.
TRNS has been the topic of several other research reports. HC Wainwright restated a "buy" rating and set a $116.00 price target on shares of Transcat in a research note on Wednesday, June 25th. Wall Street Zen raised Transcat from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.20.
Read Our Latest Stock Report on Transcat
Transcat Trading Up 2.6%
Shares of Transcat stock traded up $2.25 on Thursday, hitting $88.21. The stock had a trading volume of 14,476 shares, compared to its average volume of 90,917. The company has a quick ratio of 1.87, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. Transcat has a one year low of $67.56 and a one year high of $147.12. The stock has a market cap of $822.07 million, a price-to-earnings ratio of 56.91 and a beta of 0.73. The stock's 50-day simple moving average is $83.38 and its two-hundred day simple moving average is $84.57.
Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The firm had revenue of $77.13 million for the quarter, compared to the consensus estimate of $76.40 million. Transcat had a net margin of 5.21% and a return on equity of 6.47%. The company's quarterly revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Transcat will post 2.3 EPS for the current year.
Institutional Trading of Transcat
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in Transcat by 686.7% during the 4th quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 309 shares in the last quarter. Quantbot Technologies LP acquired a new position in Transcat during the first quarter worth about $76,000. State of Wyoming acquired a new position in shares of Transcat in the 1st quarter valued at $95,000. Aquatic Capital Management LLC boosted its position in shares of Transcat by 1,052.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company's stock valued at $122,000 after purchasing an additional 1,052 shares during the period. Finally, GAMMA Investing LLC boosted its position in Transcat by 10,137.5% during the 1st quarter. GAMMA Investing LLC now owns 1,638 shares of the scientific and technical instruments company's stock worth $122,000 after acquiring an additional 1,622 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.
Transcat Company Profile
(
Get Free Report)
Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.
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