Brokerages Set Transcat, Inc. (NASDAQ:TRNS) PT at $112.20

Transcat, Inc. (NASDAQ:TRNS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $112.20.

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Transcat from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th. Lake Street Capital started coverage on shares of Transcat in a research report on Thursday, July 10th. They set a "buy" rating and a $105.00 price objective for the company. Finally, HC Wainwright reaffirmed a "buy" rating and set a $116.00 price objective on shares of Transcat in a research report on Wednesday, June 25th.

Transcat Stock Up 5.1%

Shares of NASDAQ:TRNS traded up $3.98 during midday trading on Monday, hitting $81.90. 154,177 shares of the company's stock traded hands, compared to its average volume of 106,737. 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 company has a market cap of $763.34 million, a PE ratio of 52.22 and a beta of 0.71. The firm's fifty day moving average price is $82.25 and its two-hundred day moving average price is $81.22. Transcat has a twelve month low of $67.56 and a twelve month high of $133.72.

Transcat (NASDAQ:TRNS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. Transcat had a net margin of 5.21% and a return on equity of 6.47%. The firm had revenue of $76.42 million for the quarter, compared to the consensus estimate of $72.28 million. On average, equities research analysts anticipate that Transcat will post 2.3 EPS for the current fiscal year.

Institutional Trading of Transcat

Institutional investors have recently made changes to their positions in the stock. Centiva Capital LP raised its holdings in shares of Transcat by 6.0% during the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company's stock valued at $318,000 after acquiring an additional 171 shares during the period. Bank of New York Mellon Corp increased its stake in Transcat by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 27,916 shares of the scientific and technical instruments company's stock valued at $2,078,000 after buying an additional 172 shares during the period. Arkadios Wealth Advisors increased its stake in Transcat by 3.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 5,814 shares of the scientific and technical instruments company's stock valued at $500,000 after buying an additional 187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Transcat by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company's stock valued at $543,000 after buying an additional 194 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in Transcat by 3.4% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 6,353 shares of the scientific and technical instruments company's stock valued at $473,000 after buying an additional 210 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

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.