Zacks Research Upgrades Vishay Precision Group (NYSE:VPG) to Hold
by Amy Steele · The Cerbat GemVishay Precision Group (NYSE:VPG – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.
A number of other equities analysts also recently weighed in on the company. Lake Street Capital set a $54.00 price target on Vishay Precision Group and gave the stock a “buy” rating in a research report on Thursday, February 12th. Loop Capital set a $44.00 price objective on Vishay Precision Group in a report on Thursday, December 18th. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial restated a “buy” rating and set a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a report on Tuesday, February 3rd. Finally, Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.67.
View Our Latest Stock Report on VPG
Vishay Precision Group Price Performance
Shares of NYSE VPG opened at $50.72 on Monday. The business’s 50 day moving average price is $46.07 and its two-hundred day moving average price is $40.57. The company has a market cap of $674.56 million, a PE ratio of 127.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.89. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. Vishay Precision Group has a twelve month low of $19.28 and a twelve month high of $56.25.
Vishay Precision Group (NYSE:VPG – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). The business had revenue of $80.57 million for the quarter, compared to analyst estimates of $78.08 million. Vishay Precision Group had a return on equity of 2.16% and a net margin of 1.72%. On average, analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.
Institutional Investors Weigh In On Vishay Precision Group
A number of institutional investors have recently made changes to their positions in VPG. Invesco Ltd. boosted its holdings in shares of Vishay Precision Group by 11.7% during the second quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock worth $741,000 after acquiring an additional 2,763 shares during the period. First Trust Advisors LP increased its stake in Vishay Precision Group by 4.3% during the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock worth $1,112,000 after acquiring an additional 1,615 shares during the period. Marshall Wace LLP acquired a new position in Vishay Precision Group in the 2nd quarter valued at $338,000. Sei Investments Co. bought a new stake in shares of Vishay Precision Group during the 2nd quarter valued at $218,000. Finally, Quantinno Capital Management LP lifted its position in shares of Vishay Precision Group by 56.4% during the 2nd quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $882,000 after acquiring an additional 11,324 shares during the period. Institutional investors own 87.61% of the company’s stock.
About Vishay Precision Group
Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.
The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.