Versigent (NYSE:VGNT) Lowered to “Hold” Rating by Zacks Research

Versigent (NYSE:VGNT) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on VGNT. Argus set a $50.00 target price on shares of Versigent in a report on Tuesday, July 21st. Fox Advisors downgraded Versigent from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $59.00 price objective on shares of Versigent in a research note on Wednesday. Morgan Stanley started coverage on Versigent in a research report on Friday, May 8th. They set an “overweight” rating and a $51.00 target price on the stock. Finally, Royal Bank Of Canada raised Versigent from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $52.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.25.

Versigent Stock Performance

Shares of NYSE VGNT opened at $42.88 on Wednesday. Versigent has a 52-week low of $26.34 and a 52-week high of $50.88. The company has a debt-to-equity ratio of 7.29, a quick ratio of 1.04 and a current ratio of 1.40. The stock has a 50 day moving average price of $43.36.

Versigent (NYSE:VGNT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, analysts predict that Versigent will post 7.14 earnings per share for the current fiscal year.

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.