Transcat (NASDAQ:TRNS) Receives Outperform Rating from Oppenheimer

Oppenheimer reissued their outperform rating on shares of Transcat (NASDAQ:TRNS - Free Report) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $130.00 price objective on the scientific and technical instruments company's stock, down from their prior price objective of $155.00.

Other analysts have also issued research reports about the company. HC Wainwright reiterated a "buy" rating and set a $156.00 price objective on shares of Transcat in a report on Tuesday. Craig Hallum decreased their price objective on shares of Transcat from $138.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded Transcat from a "hold" rating to a "sell" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $127.25.

Transcat Trading Down 0.5 %

Shares of Transcat stock traded down $0.45 during trading on Wednesday, hitting $99.00. 267,893 shares of the stock traded hands, compared to its average volume of 52,596. The stock's fifty day simple moving average is $122.86 and its 200 day simple moving average is $122.18. The firm has a market cap of $905.85 million, a P/E ratio of 58.58 and a beta of 0.67. Transcat has a 52-week low of $84.45 and a 52-week high of $147.12.

Transcat (NASDAQ:TRNS - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). Transcat had a return on equity of 8.48% and a net margin of 5.69%. The business had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. During the same period last year, the firm earned $0.41 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Transcat will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Transcat

A number of institutional investors have recently added to or reduced their stakes in TRNS. Diversified Trust Co boosted its position in Transcat by 23.6% during the first quarter. Diversified Trust Co now owns 3,010 shares of the scientific and technical instruments company's stock worth $335,000 after acquiring an additional 575 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Transcat by 24.2% in the first quarter. BNP Paribas Financial Markets now owns 14,024 shares of the scientific and technical instruments company's stock valued at $1,563,000 after purchasing an additional 2,737 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Transcat by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 37,435 shares of the scientific and technical instruments company's stock worth $4,171,000 after acquiring an additional 569 shares in the last quarter. Swiss National Bank increased its position in shares of Transcat by 1.2% during the first quarter. Swiss National Bank now owns 17,415 shares of the scientific and technical instruments company's stock worth $1,941,000 after purchasing an additional 200 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Transcat by 8.6% during the first quarter. Russell Investments Group Ltd. now owns 26,713 shares of the scientific and technical instruments company's stock worth $2,977,000 after buying an additional 2,121 shares during the period. Institutional investors and hedge funds 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.