Transcat, Inc. (NASDAQ:TRNS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Transcat, Inc. has received a consensus recommendation of "Moderate Buy" from five brokerages, with an average price target of $112.20.
• The company's latest quarterly earnings report indicated an EPS of $0.59, surpassing analysts' expectations of $0.40, and generated revenue of $76.42 million.
• Institutional investors hold a significant stake in Transcat, owning approximately 98.34% of the company's stock, highlighting strong investor confidence.

Transcat, Inc. (NASDAQ:TRNS - Get Free Report) has received a consensus rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $112.20.

Several research firms have commented on TRNS. HC Wainwright restated a "buy" rating and issued a $116.00 price target on shares of Transcat in a research note on Friday, August 22nd. Lake Street Capital started coverage on shares of Transcat in a research note on Thursday, July 10th. They set a "buy" rating and a $105.00 target price for the company. Finally, Wall Street Zen upgraded shares of Transcat from a "sell" rating to a "hold" rating in a research note on Wednesday, May 28th.

Hedge Funds Weigh In On Transcat

Institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Transcat during the second quarter worth $54,000. Quantbot Technologies LP acquired a new position in shares of Transcat during the first quarter worth $76,000. Parkside Financial Bank & Trust acquired a new position in shares of Transcat during the second quarter worth $79,000. PNC Financial Services Group Inc. grew its stake in shares of Transcat by 1,118.2% during the second quarter. PNC Financial Services Group Inc. now owns 1,072 shares of the scientific and technical instruments company's stock worth $92,000 after purchasing an additional 984 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Transcat during the first quarter worth $95,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Transcat Stock Down 0.6%

Shares of NASDAQ:TRNS traded down $0.54 during trading on Friday, hitting $83.95. The company's stock had a trading volume of 100,075 shares, compared to its average volume of 108,547. The business has a 50 day moving average price of $83.24 and a two-hundred day moving average price of $80.86. The company has a market capitalization of $782.41 million, a PE ratio of 58.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.36 and a current ratio of 2.92. Transcat has a fifty-two week low of $67.56 and a fifty-two week high of $133.72.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.40 by $0.19. The business had revenue of $76.42 million during the quarter, compared to the consensus estimate of $72.28 million. Transcat had a net margin of 4.64% and a return on equity of 6.66%. As a group, research analysts expect that Transcat will post 2.3 EPS for the current fiscal year.

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.