Transcat (NASDAQ:TRNS – Get Rating) had its target price increased by Northland Securities from $100.00 to $110.00 in a research note published on Wednesday morning, The Fly reports.
A number of other equities research analysts have also recently commented on TRNS. HC Wainwright raised their target price on shares of Transcat from $96.00 to $102.00 in a research note on Wednesday. Craig Hallum raised their target price on shares of Transcat from $81.00 to $92.00 and gave the stock a buy rating in a research note on Wednesday, February 1st. Roth Capital raised their target price on shares of Transcat from $80.00 to $94.00 and gave the stock a buy rating in a research note on Thursday, February 2nd. Finally, StockNews.com started coverage on shares of Transcat in a research note on Thursday, May 18th. They set a hold rating on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $102.25.
Transcat Price Performance
Shares of NASDAQ:TRNS opened at $89.67 on Wednesday. The firm’s 50 day moving average price is $83.92 and its 200-day moving average price is $81.90. Transcat has a twelve month low of $50.32 and a twelve month high of $94.10. The company has a quick ratio of 1.75, a current ratio of 2.42 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $685.08 million, a PE ratio of 64.05 and a beta of 0.76.
Institutional Investors Weigh In On Transcat
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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