Transcat, Inc. (NASDAQ:TRNS) Given Average Rating of “Moderate Buy” by Analysts

Transcat, Inc. (NASDAQ:TRNS) has been assigned an average rating of “Moderate Buy” from the five ratings 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 12 month target price among brokerages that have covered the stock in the last year is $130.25.

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Craig Hallum increased their price target on Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. HC Wainwright reissued a “buy” rating and issued a $156.00 price objective on shares of Transcat in a research note on Tuesday, October 29th. Oppenheimer reiterated an “outperform” rating and issued a $130.00 target price (down from $155.00) on shares of Transcat in a report on Wednesday, October 30th. Finally, Northland Securities dropped their price target on Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Transcat

A number of hedge funds have recently added to or reduced their stakes in TRNS. Conestoga Capital Advisors LLC grew its position in Transcat by 17.9% in the 3rd 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. Millrace Asset Group Inc. acquired a new position in shares of Transcat during the third quarter valued at about $655,000. Champlain Investment Partners LLC increased its position in shares of Transcat by 22.1% during the third quarter. Champlain Investment Partners LLC now owns 409,500 shares of the scientific and technical instruments company’s stock worth $49,455,000 after acquiring an additional 74,169 shares in the last quarter. State Street Corp raised its holdings in shares of Transcat by 8.1% in the 3rd quarter. State Street Corp now owns 207,230 shares of the scientific and technical instruments company’s stock worth $25,027,000 after acquiring an additional 15,514 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Transcat by 64.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,661 shares of the scientific and technical instruments company’s stock worth $2,737,000 after acquiring an additional 8,844 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Transcat Stock Up 0.3 %

NASDAQ TRNS opened at $106.07 on Friday. The company has a market capitalization of $975.74 million, a price-to-earnings ratio of 53.57 and a beta of 0.70. Transcat has a twelve month low of $94.29 and a twelve month high of $147.12. The stock has a fifty day simple moving average of $105.95 and a 200 day simple moving average of $117.54.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). Transcat had a return on equity of 7.36% and a net margin of 6.63%. The company had revenue of $67.83 million for the quarter, compared to the consensus estimate of $70.30 million. During the same quarter last year, the business earned $0.41 earnings per share. Transcat’s revenue was up 8.0% compared to the same quarter last year. Research analysts expect that Transcat will post 1.76 earnings per share 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.