TAT Technologies Ltd. (NASDAQ:TATT) Receives $38.00 Average Price Target from Brokerages

Key Points

• TAT Technologies Ltd. (NASDAQ:TATT) has received a consensus rating of "Buy" from five analysts, with an average price target of $38.00.
• The company reported earnings of $0.30 per share in its last quarterly results, beating estimates, while its revenue was $43.10 million, slightly below expectations.
• Institutional investors and hedge funds hold 15.13% of TAT Technologies' stock, with several new positions acquired in recent months.

Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) have been given a consensus recommendation of "Buy" by the five brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $38.00.

Several research firms have issued reports on TATT. Zacks Research upgraded shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus assumed coverage on shares of TAT Technologies in a report on Tuesday. They set a "buy" rating and a $44.00 target price on the stock. Truist Financial assumed coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price objective on the stock. Lake Street Capital assumed coverage on shares of TAT Technologies in a report on Wednesday, June 18th. They set a "buy" rating and a $37.00 target price for the company. Finally, Wall Street Zen upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th.

Hedge Funds Weigh In On TAT Technologies

A number of institutional investors have recently bought and sold shares of TATT. Jane Street Group LLC bought a new position in TAT Technologies in the fourth quarter worth about $368,000. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the fourth quarter valued at approximately $29,000. Catalyst Capital Advisors LLC bought a new position in shares of TAT Technologies during the first quarter valued at approximately $63,000. ARK Investment Management LLC bought a new position in shares of TAT Technologies during the first quarter valued at approximately $1,864,000. Finally, CenterBook Partners LP bought a new position in shares of TAT Technologies during the first quarter valued at approximately $252,000. 15.13% of the stock is owned by institutional investors.

TAT Technologies Stock Performance

Shares of TAT Technologies stock traded down $0.32 during mid-day trading on Tuesday, hitting $41.29. 275,552 shares of the stock were exchanged, compared to its average volume of 136,598. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The company has a market capitalization of $518.60 million, a P/E ratio of 33.84 and a beta of 0.78. TAT Technologies has a 12 month low of $16.25 and a 12 month high of $42.99. The company has a 50-day simple moving average of $35.43 and a 200 day simple moving average of $30.80.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%. The business had revenue of $43.10 million for the quarter, compared to analysts' expectations of $43.85 million.

TAT Technologies Company Profile

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.