Transcat, Inc. (NASDAQ:TRNS) Receives $127.25 Average PT from Analysts

Shares of Transcat, Inc. (NASDAQ:TRNS) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $127.25.

Several analysts recently commented on TRNS shares. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Northland Securities cut their price objective on Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday, October 30th. HC Wainwright reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Transcat in a report on Tuesday, October 29th. Craig Hallum cut their price objective on Transcat from $138.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $130.00 price objective (down previously from $155.00) on shares of Transcat in a report on Wednesday, October 30th.

Institutional Trading of Transcat

Hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in Transcat during the first quarter valued at about $619,000. Conestoga Capital Advisors LLC grew its holdings in Transcat by 17.9% during the third quarter. Conestoga Capital Advisors LLC now owns 907,191 shares of the scientific and technical instruments company’s stock valued at $109,561,000 after purchasing an additional 137,830 shares during the period. Calamos Advisors LLC grew its holdings in Transcat by 76.0% during the second quarter. Calamos Advisors LLC now owns 15,441 shares of the scientific and technical instruments company’s stock valued at $1,848,000 after purchasing an additional 6,667 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Transcat by 26.4% in the second quarter. First Horizon Advisors Inc. now owns 599 shares of the scientific and technical instruments company’s stock valued at $72,000 after acquiring an additional 125 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Transcat by 157.2% in the third quarter. Raymond James & Associates now owns 20,651 shares of the scientific and technical instruments company’s stock valued at $2,494,000 after acquiring an additional 12,622 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Transcat Trading Down 4.3 %

Transcat stock opened at $103.42 on Thursday. The firm has a market cap of $951.46 million, a price-to-earnings ratio of 52.23 and a beta of 0.69. The stock has a fifty day simple moving average of $118.26 and a two-hundred day simple moving average of $121.73. Transcat has a 12 month low of $89.39 and a 12 month high of $147.12.

Transcat (NASDAQ:TRNS) last posted its earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The business had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. Transcat had a return on equity of 7.36% and a net margin of 6.63%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, equities research analysts forecast that Transcat will post 1.76 EPS for the current fiscal year.

About Transcat

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.