HC Wainwright Reaffirms Buy Rating for Transcat (NASDAQ:TRNS)

Transcat (NASDAQ:TRNS - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at HC Wainwright in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $116.00 price target on the scientific and technical instruments company's stock, up from their previous price target of $106.00. HC Wainwright's target price points to a potential upside of 27.03% from the stock's current price. HC Wainwright also issued estimates for Transcat's Q1 2026 earnings at $0.41 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.10 EPS, Q4 2026 earnings at $0.70 EPS and FY2026 earnings at $1.48 EPS.

A number of other brokerages have also weighed in on TRNS. Oppenheimer lowered shares of Transcat from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Wall Street Zen raised Transcat from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Northland Securities reissued a "market perform" rating and issued a $85.00 price objective (down from $110.00) on shares of Transcat in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Transcat currently has a consensus rating of "Hold" and an average price target of $114.00.

Transcat Stock Down 0.3%

Shares of TRNS traded down $0.31 during mid-day trading on Wednesday, hitting $91.32. The company's stock had a trading volume of 70,643 shares, compared to its average volume of 81,969. The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The company's 50-day moving average is $79.46 and its 200-day moving average is $89.73. Transcat has a 52-week low of $67.56 and a 52-week high of $147.12. The firm has a market capitalization of $850.10 million, a price-to-earnings ratio of 49.36 and a beta of 0.69.

Transcat (NASDAQ:TRNS - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). Transcat had a return on equity of 7.23% and a net margin of 6.22%. The business had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Transcat will post 2.3 EPS for the current fiscal year.

Institutional Trading of Transcat

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 309 shares during the period. Quantbot Technologies LP acquired a new position in shares of Transcat in the 1st quarter valued at about $76,000. Aquatic Capital Management LLC lifted its holdings in shares of Transcat by 1,052.0% in the 4th 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. State of Wyoming purchased a new stake in shares of Transcat in the first quarter worth about $95,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in shares of Transcat in the fourth quarter worth about $143,000. Institutional investors and hedge funds own 98.34% of the company's stock.

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.