Versigent (NYSE:VGNT) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Versigent (NYSE:VGNT) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Oppenheimer set a $50.00 price objective on Versigent in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Versigent to a “hold” rating in a report on Saturday, April 18th. BNP Paribas Exane started coverage on shares of Versigent in a research report on Tuesday, April 28th. They set an “outperform” rating and a $41.00 price target on the stock. Morgan Stanley initiated coverage on shares of Versigent in a research report on Friday, May 8th. They set an “overweight” rating and a $51.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of Versigent in a research note on Thursday, April 30th. They issued an “outperform” rating and a $53.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.25.

Versigent Stock Performance

Shares of NYSE:VGNT opened at $42.88 on Wednesday. Versigent has a 12 month low of $26.34 and a 12 month high of $50.88. The company has a current ratio of 1.40, a quick ratio of 1.04 and a debt-to-equity ratio of 7.29. The stock’s fifty day moving average is $43.36.

Versigent (NYSE:VGNT) last released its earnings results on Tuesday, August 4th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.58 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.29 billion. Sell-side analysts expect that Versigent will post 7.14 EPS for the current year.

Versigent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 4th.

Versigent Company Profile

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.