TAT Technologies (NASDAQ:TATT) Stock Rating Upgraded by Wall Street Zen

Key Points

• TAT Technologies' rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating increased confidence in the stock's performance.
• Several analysts have set price targets for TAT Technologies, with estimates rising to $36.00 and $37.00 from previous evaluations, reflecting positive sentiment in the market.
• The company reported a quarterly earnings of $0.30 EPS, slightly beating the consensus estimate, and has a market capitalization of $465.66 million.

TAT Technologies (NASDAQ:TATT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Several other analysts have also recently commented on the stock. Lake Street Capital initiated coverage on shares of TAT Technologies in a research note on Wednesday, June 18th. They issued a "buy" rating and a $37.00 price target on the stock. Benchmark boosted their target price on shares of TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Truist Financial initiated coverage on shares of TAT Technologies in a report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, TAT Technologies has a consensus rating of "Buy" and an average price target of $36.00.

TAT Technologies Price Performance

TATT stock traded down $0.2950 during mid-day trading on Friday, hitting $35.5850. The company had a trading volume of 74,704 shares, compared to its average volume of 144,349. The company has a market capitalization of $447.13 million, a price-to-earnings ratio of 29.17 and a beta of 0.77. TAT Technologies has a 12-month low of $14.44 and a 12-month 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. The company has a 50-day moving average price of $31.65 and a 200 day moving average price of $29.37.

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

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently added to or reduced their stakes in TATT. JPMorgan Chase & Co. boosted its position in TAT Technologies by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after buying an additional 1,100 shares during the period. Renaissance Technologies LLC lifted its position in shares of TAT Technologies by 6.6% in the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after purchasing an additional 11,799 shares during the period. Marshall Wace LLP purchased a new stake in shares of TAT Technologies in the 4th quarter worth approximately $444,000. Jane Street Group LLC purchased a new stake in shares of TAT Technologies in the 4th quarter worth approximately $368,000. Finally, Virtus Fund Advisers LLC purchased a new stake in shares of TAT Technologies in the 4th quarter worth approximately $29,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.