Analysts Set Transcat, Inc. (NASDAQ:TRNS) Price Target at $111.50

Transcat, Inc. (NASDAQ:TRNS - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $111.50.

TRNS has been the subject of several research reports. Oppenheimer lowered shares of Transcat from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. StockNews.com cut Transcat from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. Craig Hallum raised their price objective on Transcat from $113.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Northland Securities restated a "market perform" rating and issued a $85.00 target price (down previously from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Finally, HC Wainwright reduced their price target on shares of Transcat from $126.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th.

Insider Activity at Transcat

In other news, Director Craig D. Cairns purchased 1,200 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $77.02 per share, for a total transaction of $92,424.00. Following the acquisition, the director now directly owns 1,910 shares of the company's stock, valued at $147,108.20. This represents a 169.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On Transcat

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Transcat by 686.7% in the fourth quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 309 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in Transcat by 1,052.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company's stock worth $122,000 after buying an additional 1,052 shares during the period. Morgan Dempsey Capital Management LLC bought a new stake in shares of Transcat in the 4th quarter worth approximately $143,000. SG Americas Securities LLC purchased a new position in shares of Transcat during the fourth quarter valued at approximately $182,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Transcat during the fourth quarter valued at approximately $190,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Transcat Price Performance

Shares of NASDAQ:TRNS traded down $0.90 on Wednesday, hitting $69.07. The company's stock had a trading volume of 92,924 shares, compared to its average volume of 66,836. Transcat has a 1 year low of $67.56 and a 1 year high of $147.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98. The company has a market capitalization of $642.97 million, a PE ratio of 37.34 and a beta of 0.66. The company has a 50-day simple moving average of $82.92 and a 200 day simple moving average of $102.72.

Transcat (NASDAQ:TRNS - Get Free Report) last announced its earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. Transcat had a net margin of 6.22% and a return on equity of 7.23%. During the same quarter last year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that Transcat will post 2.3 EPS for the current fiscal year.

About Transcat

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.