Vishay Precision Group Inc (VPG) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Vishay Precision Group Inc (NYSE:VPG) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus target price of $30.50 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 163 out of 265 based on the ratings given to related companies.

A number of brokerages recently weighed in on VPG. ValuEngine raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. B. Riley upped their price objective on Vishay Precision Group from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th.

Vishay Precision Group (NYSE VPG) opened at $25.70 on Thursday. Vishay Precision Group has a twelve month low of $15.10 and a twelve month high of $28.60. The firm has a market capitalization of $352.21, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.13 and a beta of 1.01. The company has a current ratio of 3.92, a quick ratio of 2.65 and a debt-to-equity ratio of 0.16.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Vishay Precision Group had a return on equity of 7.52% and a net margin of 5.35%. The firm had revenue of $62.80 million for the quarter, compared to analyst estimates of $60.88 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Vishay Precision Group’s quarterly revenue was up 15.3% on a year-over-year basis. analysts expect that Vishay Precision Group will post 1.04 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Vishay Precision Group by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 78,187 shares of the scientific and technical instruments company’s stock worth $1,352,000 after acquiring an additional 281 shares during the period. Wells Fargo & Company MN boosted its position in Vishay Precision Group by 10.4% during the second quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock worth $146,000 after purchasing an additional 794 shares in the last quarter. Nationwide Fund Advisors boosted its position in Vishay Precision Group by 9.2% during the second quarter. Nationwide Fund Advisors now owns 25,092 shares of the scientific and technical instruments company’s stock worth $434,000 after purchasing an additional 2,112 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in Vishay Precision Group by 1.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 300,110 shares of the scientific and technical instruments company’s stock worth $7,547,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Vishay Precision Group by 40.7% during the second quarter. Citigroup Inc. now owns 11,309 shares of the scientific and technical instruments company’s stock worth $195,000 after purchasing an additional 3,272 shares in the last quarter. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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