Transcat (NASDAQ:TRNS – Get Rating) had its target price lifted by Craig Hallum from $92.00 to $103.00 in a report released on Wednesday morning, The Fly reports.
Several other brokerages have also issued reports on TRNS. Roth Capital lifted their price target on Transcat from $80.00 to $94.00 and gave the company a buy rating in a report on Thursday, February 2nd. Northland Securities lifted their price target on Transcat from $100.00 to $110.00 in a report on Wednesday. HC Wainwright lifted their price target on Transcat from $96.00 to $102.00 in a report on Wednesday. Finally, StockNews.com started coverage on Transcat in a report on Thursday, May 18th. They set a hold rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Transcat has a consensus rating of Moderate Buy and an average target price of $102.25.
Transcat Stock Down 1.9 %
Shares of Transcat stock opened at $89.67 on Wednesday. The firm has a market cap of $685.08 million, a price-to-earnings ratio of 64.05 and a beta of 0.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.42 and a quick ratio of 1.75. Transcat has a 52-week low of $50.32 and a 52-week high of $94.10. The stock has a 50-day simple moving average of $83.92 and a 200-day simple moving average of $81.90.
Institutional Inflows and Outflows
Transcat, Inc engages in provision of calibration and laboratory instrument services. It operates through the Service and Distribution segments. The Service segment offers calibration, repair, inspection, analytical qualifications, preventive maintenance, consulting, and other related services. The Distribution segment distributes professional grade test, measurement, and control instrumentation.
- Get a free copy of the StockNews.com research report on Transcat (TRNS)
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