Versigent (NYSE:VGNT) Releases Quarterly Earnings Results

Key Points

• Versigent reported quarterly EPS of $999.00, a striking figure disclosed in its latest results.
• Shares traded up $1.31 to $37.48 on Tuesday with about 1.8M shares changing hands (below the ~3.59M average); the 12‑month range is $26.34 to $37.68.
• Analysts give a consensus "Moderate Buy" with a mean price target of $42.13 after several firms initiated coverage (targets range roughly $35–$47 and ratings include 1 Strong Buy, 6 Buy, 3 Hold).

Versigent (NYSE:VGNT - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $999.00 EPS for the quarter, Zacks reports.

Versigent Price Performance

Shares of NYSE VGNT traded up $1.31 during midday trading on Tuesday, hitting $37.48. 1,805,289 shares of the company's stock were exchanged, compared to its average volume of 3,587,132. Versigent has a 12-month low of $26.34 and a 12-month high of $37.68.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen began coverage on shares of Versigent in a report on Tuesday, April 14th. They set a "buy" rating and a $47.00 target price on the stock. Wall Street Zen upgraded Versigent to a "hold" rating in a research report on Saturday, April 18th. UBS Group started coverage on Versigent in a research note on Tuesday, April 14th. They set a "buy" rating and a $43.00 price objective on the stock. Wells Fargo & Company began coverage on Versigent in a report on Monday, April 6th. They set an "overweight" rating and a $35.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Versigent in a report on Tuesday, April 28th. They set a "hold" rating and a $35.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Versigent presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.13.

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