Zacks: Vishay Precision Group Inc (VPG) Given $50.50 Consensus Price Target by Brokerages

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Vishay Precision Group Inc (NYSE:VPG) has received an average 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 recommendation.

Analysts have set a 1 year consensus price target of $50.50 for the company and are forecasting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 143 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 note on Wednesday, January 2nd.

NYSE VPG traded up $0.16 during mid-day trading on Friday, reaching $34.61. 50,679 shares of the stock were exchanged, compared to its average volume of 46,596. Vishay Precision Group has a one year low of $26.34 and a one year high of $45.00. The company has a market capitalization of $464.04 million, a PE ratio of 16.88, a P/E/G ratio of 0.79 and a beta of 0.99. 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 (NYSE:VPG) last issued its quarterly earnings data on Wednesday, February 20th. The scientific and technical instruments company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Vishay Precision Group had a net margin of 7.89% and a return on equity of 13.37%. The firm had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $75.94 million. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Vishay Precision Group will post 2.18 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in shares of Vishay Precision Group in the fourth quarter valued at about $28,000. Meeder Asset Management Inc. boosted its position in Vishay Precision Group by 76.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,740 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 753 shares during the last quarter. Globeflex Capital L P purchased a new stake in Vishay Precision Group in the fourth quarter valued at approximately $68,000. Macquarie Group Ltd. boosted its position in Vishay Precision Group by 31.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,536 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 600 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Vishay Precision Group by 18.9% in the fourth quarter. Citigroup Inc. now owns 3,215 shares of the scientific and technical instruments company’s stock valued at $97,000 after buying an additional 511 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

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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