Barclays Lowers Vontier (NYSE:VNT) Price Target to $45.00

Vontier (NYSE:VNT) had its target price cut by stock analysts at Barclays from $46.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 24.48% from the stock’s current price.

Several other equities analysts have also weighed in on the company. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Finally, Citigroup boosted their price objective on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Vontier Trading Down 1.3 %

Shares of VNT opened at $36.15 on Wednesday. The stock’s fifty day simple moving average is $38.10 and its 200-day simple moving average is $36.34. 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 firm has a market capitalization of $5.43 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. Vontier has a 12-month low of $31.22 and a 12-month high of $45.62.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. As a group, research analysts predict that Vontier will post 2.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VNT. International Assets Investment Management LLC lifted its stake in Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier during the third quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new position in Vontier in the third quarter valued at $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier in the 2nd quarter valued at $44,000. Finally, Covestor Ltd lifted its position in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after buying an additional 395 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

About Vontier

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.