Vishay Precision Group, Inc. (NYSE:VPG) Upgraded to Buy by ValuEngine
Vishay Precision Group, Inc. (NYSE:VPG) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
Separately, B. Riley reissued a “buy” rating and set a $22.00 target price on shares of Vishay Precision Group in a research note on Monday.
Shares of Vishay Precision Group (VPG) opened at 17.85 on Thursday. The firm has a 50-day moving average price of $17.45 and a 200 day moving average price of $16.90. The firm has a market capitalization of $235.92 million, a price-to-earnings ratio of 30.20 and a beta of 0.95. Vishay Precision Group has a one year low of $12.13 and a one year high of $19.45.
Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.19 million. Vishay Precision Group had a return on equity of 6.19% and a net margin of 3.47%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Equities analysts forecast that Vishay Precision Group will post $0.85 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in VPG. Thomson Horstmann & Bryant Inc. purchased a new stake in Vishay Precision Group during the second quarter worth $5,389,000. Vivaldi Asset Management LLC boosted its stake in Vishay Precision Group by 164.7% in the second quarter. Vivaldi Asset Management LLC now owns 388,674 shares of the scientific and technical instruments company’s stock worth $6,724,000 after buying an additional 241,854 shares in the last quarter. Vivaldi Capital Management LLC purchased a new stake in Vishay Precision Group during the first quarter worth $3,814,626,000. Litespeed Management L.L.C. purchased a new stake in Vishay Precision Group during the first quarter worth $1,256,000. Finally, Shufro Rose & Co. LLC boosted its stake in Vishay Precision Group by 11.6% in the first quarter. Shufro Rose & Co. LLC now owns 650,600 shares of the scientific and technical instruments company’s stock worth $10,279,000 after buying an additional 67,520 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.
About Vishay Precision Group
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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