In a report released today, Sarkis Sherbetchyan from B.Riley FBR reiterated a Buy rating on Vishay Precision Group (VPG), with a price target of $53. The company’s shares closed yesterday at $40.91.
Sherbetchyan commented:
“Before the market open on Group (VPG, $53 PT) reported 1Q revenues of $76.5M, above our forecast of $75.0M, the consensus of $76.0M, and the midpoint of VPG’s $72M-$78M guidance. Product (FTP) and Systems (WCS) segments drove the sales beat. Meanwhile, the GM% exceeded our assumptions on stronger volumes and product mix. Thus, adjusted EBITDA of $15.5M beat our $12.8M estimate. $0.61 exceeded our $0.51 forecast and the consensus of $0.52. Shares closed the day +6.7% vs. -2.0% for the Russell 2000. VPG introduced 2Q sales guidance in the range $70M-$76M, with the midpoint lower than expectations into the print.”
Sherbetchyan has an average return of 35.6% when recommending Vishay Precision Group.
According to TipRanks.com, Sherbetchyan is ranked #3036 out of 5182 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vishay Precision Group with a $53 average price target.
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Vishay Precision Group’s market cap is currently $551.2M and has a P/E ratio of 23.39. The company has a Price to Book ratio of 2.52.
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Vishay Precision Group, Inc. engages in the design, manufacture, and market of sensors and sensor-based measurement systems. It operates through the following segments: Foil Technology Products; Force Sensors; Weighing and Control Systems; and Corporate and Other. The Foil Technology Products segment includes foil resistor and strain gage.
