B. Riley Boosts Vishay Precision Group, Inc. (VPG) Price Target to $31.00
Vishay Precision Group, Inc. (NYSE:VPG) had its price objective boosted by B. Riley from $23.00 to $31.00 in a research note issued to investors on Wednesday. B. Riley currently has a buy rating on the scientific and technical instruments company’s stock. B. Riley also issued estimates for Vishay Precision Group’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.04 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.33 EPS and FY2019 earnings at $1.48 EPS.
Several other research analysts also recently issued reports on VPG. ValuEngine upgraded shares of Vishay Precision Group from a hold rating to a buy rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Vishay Precision Group from a strong sell rating to a sell rating in a research report on Monday, August 14th.
Vishay Precision Group (VPG) opened at $24.95 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.16. Vishay Precision Group has a 1 year low of $15.10 and a 1 year high of $25.45. The firm has a market cap of $315.66, a P/E ratio of 23.51, a PEG ratio of 1.29 and a beta of 0.89.
Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $62.80 million for the quarter, compared to the consensus estimate of $60.88 million. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. research analysts predict that Vishay Precision Group will post 1.02 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. acquired a new position in Vishay Precision Group during the 2nd quarter worth about $5,740,000. Royal Bank of Canada lifted its position in Vishay Precision Group by 23.3% during the 2nd quarter. Royal Bank of Canada now owns 132,541 shares of the scientific and technical instruments company’s stock worth $2,293,000 after buying an additional 25,065 shares in the last quarter. Vivaldi Asset Management LLC lifted its position in Vishay Precision Group by 164.7% during the 2nd quarter. Vivaldi Asset Management LLC now owns 388,674 shares of the scientific and technical instruments company’s stock valued at $6,724,000 after purchasing an additional 241,854 shares during the period. Vanguard Group Inc. lifted its position in Vishay Precision Group by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 430,698 shares of the scientific and technical instruments company’s stock valued at $6,805,000 after purchasing an additional 14,030 shares during the period. Finally, Thomson Horstmann & Bryant Inc. acquired a new position in Vishay Precision Group during the 2nd quarter valued at about $5,389,000. Institutional investors and hedge funds own 79.94% of the company’s stock.
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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