Vontier (NYSE:VNT) Given New $44.00 Price Target at Citigroup

Vontier (NYSE:VNT) had its price target cut by analysts at Citigroup from $46.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 22.91% from the company’s current price.

A number of other research firms also recently issued reports on VNT. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Barclays lowered their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.63.

Vontier Price Performance

Shares of NYSE VNT traded down $0.17 during mid-day trading on Monday, reaching $35.80. 166,910 shares of the company were exchanged, compared to its average volume of 574,439. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $5.38 billion, a PE ratio of 13.72, a PEG ratio of 1.85 and a beta of 1.26. The company’s 50 day moving average price is $38.08 and its 200 day moving average price is $36.29.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same period in the previous year, the firm posted $0.73 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that Vontier will post 2.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vontier

Several hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of Vontier in the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier in the second quarter worth approximately $44,000. Wilmington Savings Fund Society FSB bought a new position in Vontier during the third quarter valued at approximately $40,000. Finally, Covestor Ltd lifted its position in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Company Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.