TAT Technologies (NASDAQ:TATT) Now Covered by Analysts at Stifel Nicolaus

Key Points

• Analysts from Stifel Nicolaus initiated coverage of TAT Technologies with a "buy" rating and a price target of $44.00, indicating a potential upside of 14.08% from its current price.
• The company reported a quarterly EPS of $0.30, surpassing analysts' estimates, with revenues amounting to $43.10 million for the quarter.
• TAT Technologies has recently seen significant interest from institutional investors, with several firms acquiring new stakes during the past couple of quarters.

Analysts at Stifel Nicolaus initiated coverage on shares of TAT Technologies (NASDAQ:TATT - Get Free Report) in a research report issued on Tuesday. The brokerage set a "buy" rating and a $44.00 price target on the aerospace company's stock. Stifel Nicolaus' price target points to a potential upside of 14.08% from the stock's current price.

A number of other research analysts also recently issued reports on TATT. Lake Street Capital began coverage on TAT Technologies in a report on Wednesday, June 18th. They issued a "buy" rating and a $37.00 price target on the stock. Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th. Zacks Research upgraded TAT Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Benchmark lifted their price target on TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, Truist Financial began coverage on TAT Technologies in a report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, TAT Technologies presently has an average rating of "Buy" and an average target price of $38.00.

TAT Technologies Trading Up 5.0%

TATT opened at $38.57 on Tuesday. The stock's fifty day moving average is $34.65 and its two-hundred day moving average is $30.48. The company has a market capitalization of $484.63 million, a P/E ratio of 31.61 and a beta of 0.78. TAT Technologies has a 52 week low of $16.25 and a 52 week high of $41.00. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06.

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

Institutional Trading of TAT Technologies

A number of institutional investors have recently made changes to their positions in TATT. Jane Street Group LLC acquired a new stake in shares of TAT Technologies in the 4th quarter worth $368,000. Catalyst Capital Advisors LLC acquired a new stake in TAT Technologies during the 1st quarter worth about $63,000. ARK Investment Management LLC acquired a new stake in TAT Technologies during the 1st quarter worth about $1,864,000. CenterBook Partners LP acquired a new stake in TAT Technologies during the 1st quarter worth about $252,000. Finally, Roubaix Capital LLC acquired a new stake in TAT Technologies during the 1st quarter worth about $5,238,000. Institutional investors and hedge funds own 15.13% of the company's stock.

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.

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