B. Riley Financial Has Lowered Expectations for Vishay Precision Group (NYSE:VPG) Stock Price

Key Points

• B. Riley Financial cut Vishay Precision Group’s price target to $105 from $109 while maintaining a “buy” rating, implying 44.45% upside from the stock’s previous close.
• VPG’s latest quarterly results fell short of expectations, with earnings per share of $0.04 versus the $0.19 consensus estimate and revenue of $83.94 million versus $87.44 million expected.
• The stock traded at $72.69, while analyst sentiment remained a “Moderate Buy”; institutional investors own 87.61% of the company, and the average analyst price target is $82.33.

Vishay Precision Group (NYSE:VPG - Get Free Report) had its target price reduced by investment analysts at B. Riley Financial from $109.00 to $105.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the scientific and technical instruments company's stock. B. Riley Financial's price target points to a potential upside of 44.45% from the stock's previous close.

VPG has been the subject of a number of other reports. Wall Street Zen raised shares of Vishay Precision Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Zacks Research cut Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings raised Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Finally, Lake Street Capital boosted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $82.33.

Vishay Precision Group Price Performance

Shares of Vishay Precision Group stock traded down $0.87 on Thursday, hitting $72.69. The company's stock had a trading volume of 105,529 shares, compared to its average volume of 435,368. The company has a market capitalization of $966.75 million, a P/E ratio of 158.41, a price-to-earnings-growth ratio of 5.18 and a beta of 1.46. Vishay Precision Group has a 52-week low of $26.13 and a 52-week high of $151.78. The firm has a fifty day moving average price of $118.77 and a 200-day moving average price of $78.25. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.15). The business had revenue of $83.94 million for the quarter, compared to analysts' expectations of $87.44 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. On average, equities research analysts expect that Vishay Precision Group will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in Vishay Precision Group by 0.9% in the first quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company's stock valued at $1,601,000 after purchasing an additional 314 shares during the period. LPL Financial LLC grew its stake in shares of Vishay Precision Group by 6.3% in the fourth quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company's stock valued at $290,000 after buying an additional 448 shares in the last quarter. UBS Group AG raised its holdings in shares of Vishay Precision Group by 0.8% during the 3rd quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company's stock valued at $2,171,000 after buying an additional 523 shares during the period. K2 Principal Fund L.P. lifted its position in Vishay Precision Group by 9.0% during the 4th quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company's stock worth $420,000 after acquiring an additional 900 shares in the last quarter. Finally, Strs Ohio purchased a new position in Vishay Precision Group in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 87.61% of the company's stock.

Vishay Precision Group Company Profile

Vishay Precision Group NYSE: VPG specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.

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