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

Vontier (NYSE:VNT) had its price target dropped by investment analysts at Barclays from $46.00 to $45.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 24.48% from the company’s previous close.

Several other brokerages also recently commented on VNT. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Citigroup upped 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. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.33.

Vontier Stock Performance

NYSE VNT opened at $36.15 on Wednesday. The firm has a market capitalization of $5.43 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.85 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. The firm’s fifty day moving average price is $38.10 and its two-hundred day moving average price is $36.34. Vontier has a 1 year low of $31.22 and a 1 year 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 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 for the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the prior year, the firm earned $0.73 EPS. Vontier’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Vontier will post 2.89 EPS for the current year.

Institutional Investors Weigh In On Vontier

A number of hedge funds and other institutional investors have recently made changes to their positions in VNT. International Assets Investment Management LLC grew its position in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of Vontier during the 3rd quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the 3rd quarter worth $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier in the second quarter worth $44,000. Finally, Covestor Ltd raised its stake in Vontier by 37.1% in 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 in the last quarter. 95.83% of the stock is currently 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.