Brokerages Set $37.50 Target Price for Vishay Precision Group Inc (VPG)

Vishay Precision Group Inc (NYSE:VPG) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 1-year consensus price target of $37.50 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 83 out of 255 based on the ratings given to related companies.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of Vishay Precision Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 7th. Sidoti cut shares of Vishay Precision Group from a “buy” rating to a “neutral” rating in a report on Friday, March 9th. Finally, B. Riley raised their target price on shares of Vishay Precision Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd.

In other Vishay Precision Group news, CFO William M. Clancy sold 10,000 shares of Vishay Precision Group stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $35.45, for a total value of $354,500.00. Following the completion of the transaction, the chief financial officer now owns 29,575 shares of the company’s stock, valued at $1,048,433.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet M. Clarke sold 820 shares of Vishay Precision Group stock in a transaction on Friday, June 1st. The shares were sold at an average price of $36.85, for a total transaction of $30,217.00. Following the completion of the transaction, the director now directly owns 7,255 shares of the company’s stock, valued at approximately $267,346.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,712 shares of company stock valued at $1,735,425. 6.49% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. increased its holdings in Vishay Precision Group by 0.8% in the first quarter. Uniplan Investment Counsel Inc. now owns 334,462 shares of the scientific and technical instruments company’s stock valued at $10,418,000 after buying an additional 2,733 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Vishay Precision Group by 14.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,493 shares of the scientific and technical instruments company’s stock valued at $732,000 after buying an additional 2,900 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Vishay Precision Group by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 76,494 shares of the scientific and technical instruments company’s stock valued at $1,924,000 after buying an additional 3,021 shares in the last quarter. Alambic Investment Management L.P. increased its holdings in Vishay Precision Group by 22.5% in the first quarter. Alambic Investment Management L.P. now owns 19,600 shares of the scientific and technical instruments company’s stock valued at $611,000 after buying an additional 3,600 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Vishay Precision Group by 3.2% in the first quarter. Northern Trust Corp now owns 151,508 shares of the scientific and technical instruments company’s stock valued at $4,719,000 after buying an additional 4,648 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Shares of NYSE:VPG traded up $0.15 on Friday, hitting $38.80. 1,991 shares of the company were exchanged, compared to its average volume of 71,270. Vishay Precision Group has a 1-year low of $16.55 and a 1-year high of $40.45. The company has a current ratio of 3.82, a quick ratio of 2.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $535.43 million, a P/E ratio of 33.95, a PEG ratio of 1.20 and a beta of 0.94.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 8th. The scientific and technical instruments company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Vishay Precision Group had a net margin of 6.48% and a return on equity of 9.27%. The business had revenue of $73.10 million during the quarter, compared to the consensus estimate of $66.69 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. equities analysts forecast that Vishay Precision Group will post 1.66 EPS for the current year.

About Vishay Precision Group

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.

Get a free copy of the Zacks research report on Vishay Precision Group (VPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vishay Precision Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply