TAT Technologies (NASDAQ:TATT) Price Target Raised to $56.00 at Truist Financial

Key Points

• Truist Financial raised the price target for TAT Technologies from $35.00 to $56.00, suggesting a 34.51% potential upside from the stock's previous close and maintaining a "buy" rating.
• The company's stock performance showed a recent price of $41.63, with a notable debt-to-equity ratio of 0.06, indicating strong financial health.
• Multiple analysts have varied ratings on TAT Technologies, with an average consensus rating of "Moderate Buy" and a price target of $44.60, reflecting mixed market sentiment.

TAT Technologies (NASDAQ:TATT - Get Free Report) had its price objective raised by investment analysts at Truist Financial from $35.00 to $56.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the aerospace company's stock. Truist Financial's price objective indicates a potential upside of 34.51% from the stock's previous close.

TATT has been the subject of a number of other research reports. Jones Trading initiated coverage on TAT Technologies in a report on Friday, October 10th. They set a "buy" rating and a $50.00 price target for the company. Zacks Research cut TAT Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday. Weiss Ratings lowered TAT Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Lake Street Capital started 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. Finally, Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.60.

TAT Technologies Price Performance

Shares of TATT stock traded down $1.19 during trading hours on Wednesday, hitting $41.63. 67,296 shares of the company's stock were exchanged, compared to its average volume of 142,908. The stock's 50-day moving average is $38.70 and its 200-day moving average is $32.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42. The stock has a market cap of $522.91 million, a price-to-earnings ratio of 34.23 and a beta of 0.91. TAT Technologies has a 52 week low of $17.28 and a 52 week high of $45.40.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share 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 firm had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million.

Hedge Funds Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Advisers LLC bought a new position in TAT Technologies during the first quarter valued at $45,000. Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the first quarter valued at $63,000. Morgan Dempsey Capital Management LLC grew its holdings in TAT Technologies by 72.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 3,050 shares during the period. Walleye Capital LLC grew its holdings in TAT Technologies by 49.1% during the second quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company's stock valued at $377,000 after purchasing an additional 4,062 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock valued at $166,000 after purchasing an additional 4,474 shares during the period. 15.13% of the stock is owned by institutional investors.

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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