Versigent (NYSE:VGNT) Receives $54.00 Average PT from Analysts

Shares of Versigent (NYSE:VGNT) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, 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 a report on the stock in the last year is $54.00.

VGNT has been the subject of several analyst reports. Zacks Research lowered shares of Versigent from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Oppenheimer set a $50.00 price objective on Versigent in a report on Tuesday, July 21st. Weiss Ratings assumed coverage on Versigent in a research report on Wednesday, August 5th. They issued a “hold (c)” rating for the company. Argus boosted their target price on Versigent from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Wolfe Research started coverage on Versigent in a research report on Thursday, April 30th. They set an “outperform” rating and a $53.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System acquired a new stake in shares of Versigent during the 2nd quarter worth approximately $143,056,000. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of Versigent in the 2nd quarter valued at $5,400,000. Ancora Advisors LLC purchased a new stake in Versigent during the second quarter worth $4,197,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Versigent during the second quarter worth $2,417,000. Finally, Raiffeisen Bank International AG acquired a new stake in Versigent during the second quarter valued at $1,182,000.

Versigent Trading Up 2.8%

VGNT opened at $48.68 on Friday. The company has a market cap of $3.45 billion and a price-to-earnings ratio of 25.35. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 7.29. Versigent has a 12 month low of $26.34 and a 12 month high of $50.88. The stock has a fifty day moving average of $43.20.

Versigent (NYSE:VGNT) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.29 billion. On average, equities research analysts forecast that Versigent will post 7.23 EPS for the current year.

Versigent Dividend Announcement

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

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.