Zacks: Vishay Precision Group Inc (VPG) Receives Consensus 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 equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $30.50 for the company and are expecting 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 155 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on VPG shares. ValuEngine downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. B. Riley lifted their target price on Vishay Precision Group from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th.
Institutional investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. acquired a new position in Vishay Precision Group in the second quarter valued at approximately $5,740,000. Lord Abbett & CO. LLC lifted its holdings in Vishay Precision Group by 35.1% in the second quarter. Lord Abbett & CO. LLC now owns 235,653 shares of the scientific and technical instruments company’s stock valued at $4,077,000 after acquiring an additional 61,170 shares during the period. Algert Global LLC lifted its holdings in Vishay Precision Group by 139.5% in the third quarter. Algert Global LLC now owns 72,009 shares of the scientific and technical instruments company’s stock valued at $1,757,000 after acquiring an additional 41,942 shares during the period. EAM Investors LLC acquired a new position in Vishay Precision Group in the third quarter valued at approximately $859,000. Finally, Royal Bank of Canada lifted its holdings in Vishay Precision Group by 23.3% in the second quarter. Royal Bank of Canada now owns 132,541 shares of the scientific and technical instruments company’s stock valued at $2,293,000 after acquiring an additional 25,065 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Vishay Precision Group (NYSE:VPG) opened at $26.15 on Monday. 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 has a twelve month low of $15.10 and a twelve month high of $28.60. The company has a market capitalization of $347.57, a PE ratio of 27.24, a P/E/G ratio of 1.12 and a beta of 0.93.
Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 EPS 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 during the quarter, compared to the consensus estimate of $60.88 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. analysts expect that Vishay Precision Group will post 1.04 EPS for the current fiscal year.
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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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