Versigent (NYSE:VGNT) Price Target Raised to $54.00 at Argus

Versigent (NYSE:VGNT) had its target price boosted by equities research analysts at Argus from $50.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Argus’ price target indicates a potential upside of 18.66% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Morgan Stanley started coverage on shares of Versigent in a report on Friday, May 8th. They issued an “overweight” rating and a $51.00 price target on the stock. Evercore restated an “outperform” rating and issued a $65.00 price objective on shares of Versigent in a report on Monday. Royal Bank Of Canada raised shares of Versigent from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $52.00 in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on shares of Versigent from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of Versigent from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Versigent Stock Down 1.2%

Shares of NYSE:VGNT opened at $45.51 on Thursday. The stock has a market cap of $3.22 billion and a PE ratio of 23.70. The stock has a fifty day simple moving average of $43.28. Versigent has a 52 week low of $26.34 and a 52 week high of $50.88. The company has a debt-to-equity ratio of 7.29, a quick ratio of 1.09 and a current ratio of 1.40.

Versigent (NYSE:VGNT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.29 billion. Sell-side analysts anticipate that Versigent will post 7.22 EPS for the current year.

About Versigent

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.