Zacks: Vishay Precision Group Inc (NYSE:VPG) Receives Average Recommendation of “Strong Buy” from Analysts

Vishay Precision Group Inc (NYSE:VPG) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $45.00 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 232 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on VPG shares. ValuEngine upgraded shares of Vishay Precision Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. B. Riley raised their price objective on shares of Vishay Precision Group from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday.

Institutional investors have recently made changes to their positions in the company. Swiss National Bank acquired a new stake in shares of Vishay Precision Group in the second quarter worth $800,000. Meeder Asset Management Inc. grew its stake in shares of Vishay Precision Group by 764.4% in the third quarter. Meeder Asset Management Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 1,353 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Vishay Precision Group in the second quarter worth $309,000. Vanguard Group Inc. grew its stake in shares of Vishay Precision Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 526,625 shares of the scientific and technical instruments company’s stock worth $21,397,000 after acquiring an additional 6,547 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Vishay Precision Group by 3.1% during the second quarter. BlackRock Inc. now owns 768,344 shares of the scientific and technical instruments company’s stock worth $31,218,000 after buying an additional 23,281 shares in the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

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Shares of NYSE:VPG traded down $0.44 during trading on Tuesday, reaching $34.76. The stock had a trading volume of 100,160 shares, compared to its average volume of 55,543. Vishay Precision Group has a 52 week low of $26.34 and a 52 week high of $41.90. The firm has a market capitalization of $475.90 million, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.16 and a beta of 1.07. The company has a quick ratio of 3.12, a current ratio of 4.39 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $33.02 and a two-hundred day simple moving average of $36.01.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $67.42 million for the quarter, compared to analyst estimates of $67.38 million. Vishay Precision Group had a net margin of 7.45% and a return on equity of 11.76%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. On average, analysts forecast that Vishay Precision Group will post 1.6 EPS for the current year.

Vishay Precision Group Company Profile

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.

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