Zacks: Brokerages Set $50.50 Price Target for Vishay Precision Group Inc (VPG)

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

Brokerages have set a 1 year consensus price objective of $50.50 for the company and are predicting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 210 out of 255 based on the ratings given to related companies.

Separately, ValuEngine upgraded shares of Vishay Precision Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in Vishay Precision Group during the fourth quarter worth about $28,000. Meeder Asset Management Inc. increased its position in Vishay Precision Group by 76.3% during the fourth quarter. Meeder Asset Management Inc. now owns 1,740 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 753 shares during the last quarter. Globeflex Capital L P acquired a new stake in Vishay Precision Group during the fourth quarter worth about $68,000. BNP Paribas Arbitrage SA increased its position in Vishay Precision Group by 3,279.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,163 shares of the scientific and technical instruments company’s stock worth $74,000 after purchasing an additional 2,099 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Vishay Precision Group by 31.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,536 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

Shares of NYSE VPG traded up $0.36 during mid-day trading on Wednesday, reaching $37.96. The company’s stock had a trading volume of 405 shares, compared to its average volume of 43,517. The stock has a market capitalization of $507.22 million, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. The company has a quick ratio of 2.79, a current ratio of 3.92 and a debt-to-equity ratio of 0.10. Vishay Precision Group has a 1-year low of $26.34 and a 1-year high of $45.00.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Wednesday, February 20th. The scientific and technical instruments company reported $0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $75.94 million. Vishay Precision Group had a net margin of 7.89% and a return on equity of 13.20%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts expect that Vishay Precision Group will post 2.23 EPS for the current year.

Vishay Precision Group Company Profile

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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