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

Versigent (NYSE:VGNT – Free Report) had its price target raised by Argus from $50.00 to $54.00 in a report released on Thursday, MarketBeat.com reports. Argus currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Weiss Ratings began coverage on Versigent in a report on Wednesday, August 5th. They set a “hold (c)” rating for the company. UBS Group cut their target price on Versigent from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley assumed coverage on Versigent in a research report on Friday, May 8th. They set an “overweight” rating and a $51.00 price target for the company. Wall Street Zen raised shares of Versigent to a “hold” rating in a research note on Saturday, April 18th. Finally, Zacks Research downgraded shares of Versigent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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Versigent Trading Up 1.6%

Shares of NYSE VGNT opened at $46.27 on Thursday. The firm has a market capitalization of $3.28 billion and a price-to-earnings ratio of 24.10. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29. Versigent has a one year low of $26.34 and a one year high of $50.88. The company has a fifty day moving average price of $43.16.

Versigent (NYSE:VGNT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, research analysts anticipate that Versigent will post 7.23 earnings per share for the current fiscal 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 issued a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%.

Versigent Company Profile

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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.

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