Versigent (NYSE:VGNT) Stock Price Expected to Rise, Argus Analyst Says

Versigent (NYSE:VGNT) had its price target increased by equities researchers at Argus from $50.00 to $54.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Argus’ price objective points to a potential upside of 18.66% from the company’s previous close.

A number of other analysts have also commented on the company. TD Cowen lifted their price target on Versigent from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Fox Advisors downgraded Versigent from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. Wolfe Research began coverage on Versigent in a research report on Thursday, April 30th. They set an “outperform” rating and a $53.00 target price for the company. Wells Fargo & Company raised their target price on Versigent from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings began coverage on Versigent in a research note on Wednesday, August 5th. They set a “hold (c)” rating on the stock. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Versigent Stock Performance

Shares of Versigent stock opened at $45.51 on Thursday. The firm has a market capitalization of $3.22 billion and a PE ratio of 23.70. Versigent has a 52 week low of $26.34 and a 52 week high of $50.88. The firm has a 50 day moving average price of $43.28. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29.

Versigent (NYSE:VGNT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.34. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.29 billion. Research analysts forecast that Versigent will post 7.22 EPS for the current year.

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.