Barclays Boosts Vontier (NYSE:VNT) Price Target to $46.00

Vontier (NYSE:VNT) had its target price upped by stock analysts at Barclays from $45.00 to $46.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 16.98% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Wolfe Research raised 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. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.75.

Vontier Price Performance

Shares of NYSE:VNT traded up $0.92 during midday trading on Friday, hitting $39.32. 50,962 shares of the stock were exchanged, compared to its average volume of 614,159. The stock has a market cap of $5.91 billion, a P/E ratio of 15.08, a PEG ratio of 1.75 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a 50 day moving average price of $37.67 and a 200-day moving average price of $36.15.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 45.48% and a net margin of 13.54%. On average, research analysts forecast that Vontier will post 2.88 earnings per share for the current year.

Institutional Trading of Vontier

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNT. Global X Japan Co. Ltd. grew its holdings in Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 431 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier during the 3rd quarter worth about $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier during the 3rd quarter worth about $40,000. Finally, Covestor Ltd grew its holdings in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.