Versigent (NYSE:VGNT – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.
Several other analysts also recently commented on VGNT. Wolfe Research initiated coverage on shares of Versigent in a research report on Thursday, April 30th. They issued an “outperform” rating and a $53.00 price target for the company. Morgan Stanley began coverage on shares of Versigent in a research report on Friday, May 8th. They set an “overweight” rating and a $51.00 price objective on the stock. Fox Advisors lowered shares of Versigent from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $54.00 target price on shares of Versigent in a report on Wednesday. Finally, BNP Paribas Exane began coverage on shares of Versigent in a research note on Tuesday, April 28th. They set an “outperform” rating and a $41.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.25.
Get Our Latest Stock Analysis on Versigent
Versigent Trading Down 4.8%
Versigent (NYSE:VGNT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 EPS 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 analysts’ expectations of $2.29 billion. On average, sell-side analysts expect that Versigent will post 7.14 earnings per share 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.
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