Vishay Precision Group, Inc. (VPG) Upgraded to Buy by ValuEngine
Vishay Precision Group, Inc. (NYSE:VPG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
A number of other research analysts have also issued reports on VPG. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Vishay Precision Group in a research report on Sunday, August 13th. BidaskClub upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th.
Shares of Vishay Precision Group (NYSE VPG) opened at 21.55 on Wednesday. The stock has a market cap of $286.42 million, a PE ratio of 29.89 and a beta of 0.91. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $17.43. Vishay Precision Group has a 1-year low of $15.10 and a 1-year high of $22.80.
Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Vishay Precision Group had a return on equity of 7.25% and a net margin of 4.16%. The business had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.19 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Vishay Precision Group will post $0.92 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Vishay Precision Group, Inc. (VPG) Upgraded to Buy by ValuEngine” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/05/vishay-precision-group-inc-vpg-upgraded-to-buy-by-valuengine.html.
Institutional investors have recently made changes to their positions in the business. American International Group Inc. raised its stake in Vishay Precision Group by 7.0% during the 1st quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock valued at $118,000 after acquiring an additional 484 shares in the last quarter. Wells Fargo & Company MN raised its stake in Vishay Precision Group by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 794 shares in the last quarter. TFS Capital LLC bought a new stake in Vishay Precision Group during the 1st quarter valued at $158,000. Parametric Portfolio Associates LLC bought a new stake in Vishay Precision Group during the 2nd quarter valued at $187,000. Finally, Citigroup Inc. raised its stake in Vishay Precision Group by 40.7% during the 2nd quarter. Citigroup Inc. now owns 11,309 shares of the scientific and technical instruments company’s stock valued at $195,000 after acquiring an additional 3,272 shares in the last quarter. 86.47% of the stock is currently owned by hedge funds and other institutional investors.
Vishay Precision Group Company Profile
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.
Receive News & Ratings for Vishay Precision Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.