B. Riley Boosts Vishay Precision Group (NYSE:VPG) Price Target to $45.00

Vishay Precision Group (NYSE:VPG) had its price objective raised by B. Riley from $44.00 to $45.00 in a report issued on Wednesday morning, Stock Target Advisor reports. B. Riley currently has a buy rating on the scientific and technical instruments company’s stock. B. Riley also issued estimates for Vishay Precision Group’s Q4 2019 earnings at $0.29 EPS, FY2019 earnings at $1.71 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.52 EPS and FY2020 earnings at $1.93 EPS.

Separately, ValuEngine upgraded shares of Vishay Precision Group from a sell rating to a hold rating in a report on Thursday, August 15th.

NYSE:VPG traded down $0.44 during mid-day trading on Wednesday, hitting $34.76. 100,160 shares of the company’s stock traded hands, compared to its average volume of 55,543. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.12 and a current ratio of 4.39. The firm’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $36.01. Vishay Precision Group has a 1 year low of $26.34 and a 1 year high of $41.90. The company has a market cap of $475.90 million, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07.

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

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A number of large investors have recently bought and sold shares of VPG. Nuveen Asset Management LLC purchased a new position in Vishay Precision Group during the 2nd quarter valued at about $9,892,000. Renaissance Technologies LLC boosted its stake in shares of Vishay Precision Group by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 750,900 shares of the scientific and technical instruments company’s stock worth $30,509,000 after purchasing an additional 40,200 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Vishay Precision Group by 15.6% during the 2nd quarter. Royal Bank of Canada now owns 283,237 shares of the scientific and technical instruments company’s stock worth $11,508,000 after purchasing an additional 38,242 shares during the last quarter. Bridge City Capital LLC acquired a new stake in shares of Vishay Precision Group during the 2nd quarter worth about $1,207,000. Finally, Invesco Ltd. boosted its stake in shares of Vishay Precision Group by 197.2% during the 2nd quarter. Invesco Ltd. now owns 37,989 shares of the scientific and technical instruments company’s stock worth $1,543,000 after purchasing an additional 25,205 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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.

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