Vishay Precision Group Inc (NYSE:VPG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating. Vishay Precision Group’s rating score has improved by 50% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $51.50 for the company and are anticipating that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 81 out of 257 based on the ratings given to its competitors.
Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Sidoti raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a research note on Thursday, October 11th.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Vishay Precision Group by 3.9% during the second quarter. BlackRock Inc. now owns 883,845 shares of the scientific and technical instruments company’s stock valued at $33,719,000 after acquiring an additional 32,988 shares during the last quarter. Renaissance Technologies LLC raised its stake in Vishay Precision Group by 10.0% in the second quarter. Renaissance Technologies LLC now owns 736,200 shares of the scientific and technical instruments company’s stock worth $28,086,000 after buying an additional 67,100 shares in the last quarter. Vanguard Group Inc. raised its stake in Vishay Precision Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 489,197 shares of the scientific and technical instruments company’s stock worth $18,296,000 after buying an additional 2,490 shares in the last quarter. Acadian Asset Management LLC raised its stake in Vishay Precision Group by 43.2% in the third quarter. Acadian Asset Management LLC now owns 201,429 shares of the scientific and technical instruments company’s stock worth $7,535,000 after buying an additional 60,757 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Vishay Precision Group by 11.1% in the third quarter. TIAA CREF Investment Management LLC now owns 193,328 shares of the scientific and technical instruments company’s stock worth $7,230,000 after buying an additional 19,254 shares in the last quarter. 78.45% of the stock is owned by hedge funds and other institutional investors.
NYSE VPG traded down $1.19 during trading on Friday, hitting $29.85. 121,972 shares of the company’s stock traded hands, compared to its average volume of 63,554. The company has a quick ratio of 2.83, a current ratio of 4.09 and a debt-to-equity ratio of 0.11. Vishay Precision Group has a 12-month low of $23.65 and a 12-month high of $45.00. The firm has a market cap of $418.23 million, a price-to-earnings ratio of 26.18, a PEG ratio of 0.76 and a beta of 0.98.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The business had revenue of $75.49 million during the quarter, compared to analyst estimates of $73.60 million. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Equities analysts expect that Vishay Precision Group will post 2.05 earnings per share for the current fiscal year.
About Vishay Precision Group
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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