Zacks: Vishay Precision Group, Inc. (VPG) Given $22.50 Average Target Price by Analysts
Vishay Precision Group, Inc. (NYSE:VPG) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $22.50 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 62 out of 265 based on the ratings given to related companies.
Separately, B. Riley restated a “buy” rating and set a $22.00 price objective on shares of Vishay Precision Group in a report on Saturday, May 13th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of Vishay Precision Group by 7.0% in the first quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock worth $118,000 after buying an additional 484 shares during the period. TFS Capital LLC acquired a new stake in shares of Vishay Precision Group during the first quarter worth about $158,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock worth $180,000 after buying an additional 8,509 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Vishay Precision Group during the second quarter worth about $211,000. Finally, Eagle Global Advisors LLC increased its stake in shares of Vishay Precision Group by 3.8% in the first quarter. Eagle Global Advisors LLC now owns 16,864 shares of the scientific and technical instruments company’s stock worth $266,000 after buying an additional 620 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.
Shares of Vishay Precision Group (NYSE:VPG) traded up 7.83% during mid-day trading on Tuesday, hitting $17.90. 76,393 shares of the company’s stock traded hands. The firm has a 50-day moving average of $17.45 and a 200 day moving average of $16.90. The company has a market cap of $236.58 million, a PE ratio of 30.29 and a beta of 0.95. Vishay Precision Group has a 52 week low of $11.75 and a 52 week high of $19.45.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. The business had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $60.19 million. Vishay Precision Group had a net margin of 3.47% and a return on equity of 6.19%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. Equities research analysts predict that Vishay Precision Group will post $0.85 EPS for the current year.
Vishay Precision Group Company Profile
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vishay Precision Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.