Transcat (NASDAQ:TRNS) Given Buy Rating at HC Wainwright

Transcat (NASDAQ:TRNS)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a report released on Wednesday, MarketBeat reports. They currently have a $116.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $106.00. HC Wainwright’s target price suggests a potential upside of 26.60% from the company’s current price. HC Wainwright also issued estimates for Transcat’s Q4 2026 earnings at $0.70 EPS.

Several other equities research analysts have also commented on the company. Northland Securities reissued a “market perform” rating and set a $85.00 price target (down previously from $110.00) on shares of Transcat in a research note on Wednesday, January 29th. Oppenheimer lowered Transcat from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Wall Street Zen raised Transcat from a “sell” rating to a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.00.

Transcat Price Performance

Shares of NASDAQ:TRNS opened at $91.63 on Wednesday. The business’s 50 day simple moving average is $79.06 and its 200-day simple moving average is $89.79. The firm has a market capitalization of $852.98 million, a price-to-earnings ratio of 49.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98. Transcat has a 12 month low of $67.56 and a 12 month high of $147.12.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $77.13 million for the quarter, compared to analysts’ expectations of $76.40 million. Transcat had a return on equity of 7.23% and a net margin of 6.22%. Transcat’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Transcat will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transcat

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Transcat in the 1st quarter valued at approximately $1,674,000. Fred Alger Management LLC lifted its stake in Transcat by 1.6% in the 1st quarter. Fred Alger Management LLC now owns 216,218 shares of the scientific and technical instruments company’s stock valued at $16,097,000 after buying an additional 3,317 shares in the last quarter. Needham Investment Management LLC lifted its stake in Transcat by 28.2% in the 1st quarter. Needham Investment Management LLC now owns 65,000 shares of the scientific and technical instruments company’s stock valued at $4,839,000 after buying an additional 14,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Transcat by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock valued at $407,000 after buying an additional 325 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its stake in shares of Transcat by 12.9% during the 1st quarter. Granahan Investment Management LLC now owns 213,167 shares of the scientific and technical instruments company’s stock worth $15,870,000 after purchasing an additional 24,404 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.