Analysts Set Transcat, Inc. (NASDAQ:TRNS) PT at $114.00

Shares of Transcat, Inc. (NASDAQ:TRNS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $112.20.

A number of equities analysts have recently commented on TRNS shares. Lake Street Capital started coverage on shares of Transcat in a research report on Thursday. They set a "buy" rating and a $105.00 target price on the stock. HC Wainwright reaffirmed a "buy" rating and set a $116.00 target price on shares of Transcat in a research report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Transcat from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th.

Transcat Trading Down 0.9%

NASDAQ TRNS traded down $0.80 during trading on Thursday, hitting $86.59. The stock had a trading volume of 76,227 shares, compared to its average volume of 91,831. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.87 and a current ratio of 2.29. The stock has a market capitalization of $807.02 million, a price-to-earnings ratio of 55.51 and a beta of 0.73. Transcat has a one year low of $67.56 and a one year high of $147.12. The stock has a 50 day simple moving average of $83.67 and a 200 day simple moving average of $83.96.

Transcat (NASDAQ:TRNS - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat had a return on equity of 6.47% and a net margin of 5.21%. Transcat's quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts predict that Transcat will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Transcat

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its holdings in Transcat by 686.7% during the fourth quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 309 shares during the period. Quantbot Technologies LP purchased a new position in Transcat during the first quarter valued at approximately $76,000. State of Wyoming purchased a new position in Transcat during the first quarter valued at approximately $95,000. Aquatic Capital Management LLC increased its holdings in Transcat by 1,052.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company's stock valued at $122,000 after buying an additional 1,052 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Transcat by 10,137.5% during the first quarter. GAMMA Investing LLC now owns 1,638 shares of the scientific and technical instruments company's stock valued at $122,000 after buying an additional 1,622 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Transcat Company Profile

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.