TAT Technologies (NASDAQ:TATT) Price Target Raised to $66.00 at Benchmark

Key Points

• Benchmark raised its price target on TAT Technologies from $58 to $66 and maintained a "buy" rating, implying roughly a 16.4% upside from current levels.
• Analyst consensus is positive: one Strong Buy, six Buy and one Hold produce a MarketBeat consensus "Buy" with a consensus target of $54.50.
• TAT traded around $56.70 mid-day with a market cap of about $712M, a P/E of 43.1, a 12‑month range of $23.91–$64.50, and roughly 15% institutional ownership.

TAT Technologies (NASDAQ:TATT - Get Free Report) had its target price raised by equities researchers at Benchmark from $58.00 to $66.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Benchmark's price target suggests a potential upside of 16.40% from the company's current price.

Several other equities research analysts also recently weighed in on TATT. Lake Street Capital reissued a "buy" rating and issued a $59.00 price objective on shares of TAT Technologies in a report on Wednesday, February 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of TAT Technologies in a research note on Monday, December 29th. Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research note on Tuesday, December 30th. Freedom Capital upgraded shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 16th. Finally, Zacks Research upgraded TAT Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $54.50.

TAT Technologies Stock Performance

Shares of TATT stock traded down $0.64 during mid-day trading on Thursday, hitting $56.70. 43,095 shares of the stock were exchanged, compared to its average volume of 137,004. The stock's fifty day simple moving average is $52.47 and its two-hundred day simple moving average is $44.44. The stock has a market capitalization of $712.44 million, a price-to-earnings ratio of 43.07 and a beta of 0.93. TAT Technologies has a 12-month low of $23.91 and a 12-month high of $64.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Greenline Wealth Management LLC purchased a new stake in TAT Technologies in the 4th quarter valued at approximately $41,000. Royal Bank of Canada increased its position in TAT Technologies by 978.8% during the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company's stock worth $50,000 after purchasing an additional 1,018 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of TAT Technologies during the 3rd quarter worth approximately $53,000. Quantbot Technologies LP acquired a new stake in shares of TAT Technologies in the 3rd quarter valued at approximately $121,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock valued at $166,000 after buying an additional 4,474 shares during the period. 15.13% of the stock is owned by hedge funds and other institutional investors.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.

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