Transcat, Inc. (NASDAQ:TRNS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Transcat, Inc. (NASDAQ:TRNS) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $130.25.

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

Transcat Trading Down 0.2 %

Shares of TRNS stock opened at $99.31 on Tuesday. 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 $105.34 and a two-hundred day simple moving average of $115.41. The stock has a market capitalization of $913.65 million, a price-to-earnings ratio of 50.16 and a beta of 0.71.

Transcat (NASDAQ:TRNS) last released its quarterly earnings data on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Transcat had a net margin of 6.63% and a return on equity of 7.36%. During the same period last year, the firm earned $0.56 earnings per share. Research analysts predict that Transcat will post 2.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Transcat

Large investors have recently modified their holdings of the business. Sei Investments Co. grew its position in Transcat by 47.0% during the 2nd quarter. Sei Investments Co. now owns 7,805 shares of the scientific and technical instruments company’s stock worth $934,000 after purchasing an additional 2,495 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Transcat by 59.4% during the second quarter. Marshall Wace LLP now owns 8,267 shares of the scientific and technical instruments company’s stock valued at $989,000 after buying an additional 3,080 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Transcat by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,312 shares of the scientific and technical instruments company’s stock valued at $396,000 after acquiring an additional 263 shares during the period. Diversified Trust Co raised its stake in Transcat by 34.6% in the 3rd quarter. Diversified Trust Co now owns 3,985 shares of the scientific and technical instruments company’s stock worth $481,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its position in Transcat by 61.4% during the 3rd quarter. Annex Advisory Services LLC now owns 16,568 shares of the scientific and technical instruments company’s stock worth $2,001,000 after acquiring an additional 6,304 shares during the period. Hedge funds and other institutional investors 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.