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

Transcat, Inc. (NASDAQ:TRNSGet Free Report) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $105.3333.

Several analysts recently weighed in on the company. Zacks Research raised Transcat from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings upgraded Transcat from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen downgraded Transcat from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th.

View Our Latest Report on TRNS

Transcat Price Performance

Shares of Transcat stock opened at $92.23 on Friday. Transcat has a twelve month low of $50.23 and a twelve month high of $94.76. The stock has a market capitalization of $861.43 million, a P/E ratio of 159.02 and a beta of 0.71. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $82.28 and its 200 day moving average price is $73.43.

Transcat (NASDAQ:TRNSGet Free Report) last announced its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Transcat had a return on equity of 5.84% and a net margin of 1.62%.The business had revenue of $89.33 million for the quarter, compared to analyst estimates of $89.79 million. As a group, research analysts anticipate that Transcat will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On Transcat

A number of institutional investors and hedge funds have recently modified their holdings of TRNS. Wellington Management Group LLP lifted its holdings in shares of Transcat by 677.7% in the fourth quarter. Wellington Management Group LLP now owns 248,539 shares of the scientific and technical instruments company’s stock valued at $14,100,000 after purchasing an additional 216,579 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Transcat in the fourth quarter valued at $7,259,000. King Luther Capital Management Corp lifted its holdings in shares of Transcat by 182.3% in the fourth quarter. King Luther Capital Management Corp now owns 103,750 shares of the scientific and technical instruments company’s stock valued at $5,886,000 after purchasing an additional 67,000 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Transcat by 15.3% in the fourth quarter. Royce & Associates LP now owns 390,546 shares of the scientific and technical instruments company’s stock valued at $22,156,000 after purchasing an additional 51,774 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Transcat by 109.7% in the fourth quarter. Renaissance Technologies LLC now owns 95,200 shares of the scientific and technical instruments company’s stock valued at $5,401,000 after purchasing an additional 49,800 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

About Transcat

(Get Free Report)

Transcat, Inc (NASDAQ: TRNS) is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.

Featured Stories

Analyst Recommendations for Transcat (NASDAQ:TRNS)

Receive News & Ratings for Transcat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcat and related companies with MarketBeat.com's FREE daily email newsletter.