Versigent (NYSE:VGNT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Versigent (NYSE:VGNT) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $54.00.

A number of brokerages recently weighed in on VGNT. Zacks Research cut Versigent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Evercore restated an “outperform” rating and set a $65.00 price target on shares of Versigent in a research note on Monday, August 10th. Wolfe Research began coverage on Versigent in a report on Thursday, April 30th. They issued an “outperform” rating and a $53.00 price objective on the stock. Morgan Stanley began coverage on Versigent in a report on Friday, May 8th. They set an “overweight” rating and a $51.00 target price for the company. Finally, TD Cowen increased their target price on shares of Versigent from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th.

Hedge Funds Weigh In On Versigent

Hedge funds have recently made changes to their positions in the business. Kintegral Advisory LLC purchased a new stake in Versigent during the 2nd quarter worth $224,000. Figure 8 Investment Strategies LLC acquired a new position in shares of Versigent during the second quarter worth about $685,000. Wellington Management Group LLP acquired a new position in shares of Versigent during the second quarter worth about $940,000. Raiffeisen Bank International AG acquired a new position in shares of Versigent during the second quarter worth about $1,182,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Versigent in the second quarter worth about $2,417,000.

Versigent Stock Performance

Shares of VGNT stock opened at $47.35 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29. The firm has a market capitalization of $3.35 billion and a price-to-earnings ratio of 24.66. Versigent has a one year low of $26.34 and a one year high of $50.88. The stock’s 50 day moving average is $43.10.

Versigent (NYSE:VGNT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.29 billion. As a group, equities analysts forecast that Versigent will post 7.23 EPS for the current fiscal year.

Versigent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%.

Versigent Company Profile

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.