Vishay Precision Group (NYSE:VPG) Upgraded at Zacks Research

Zacks Research upgraded shares of Vishay Precision Group (NYSE:VPG) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. B. Riley Financial reaffirmed a “buy” rating and set a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research report on Tuesday, February 3rd. Lake Street Capital set a $54.00 target price on Vishay Precision Group and gave the company a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Finally, Loop Capital set a $44.00 price target on Vishay Precision Group in a report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.67.

Vishay Precision Group Stock Down 1.9%

Shares of NYSE:VPG opened at $50.79 on Monday. Vishay Precision Group has a 1-year low of $19.28 and a 1-year high of $56.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The stock has a market cap of $675.53 million, a P/E ratio of 126.98, a P/E/G ratio of 3.41 and a beta of 0.89. The firm has a fifty day moving average price of $46.00 and a 200 day moving average price of $40.64.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The business had revenue of $80.57 million during the quarter, compared to analyst estimates of $78.08 million. Sell-side analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 992 shares during the period. Farther Finance Advisors LLC grew its holdings in Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares during the period. Kestra Advisory Services LLC purchased a new position in Vishay Precision Group in the fourth quarter worth $51,000. Central Pacific Bank Trust Division acquired a new stake in Vishay Precision Group in the fourth quarter valued at $75,000. Finally, BNP Paribas Financial Markets lifted its holdings in Vishay Precision Group by 85.7% in the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 1,076 shares during the period. 87.61% of the stock is owned by hedge funds and other institutional investors.

About Vishay Precision Group

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.