Barclays Has Lowered Expectations for Vontier (NYSE:VNT) Stock Price

Vontier (NYSE:VNT) had its target price lowered by stock analysts at Barclays from $46.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 22.95% from the stock’s current price.

A number of other equities analysts have also weighed in on VNT. Citigroup upped their target price on shares of Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. 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 note on Thursday, December 12th. Finally, UBS Group started 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.33.

Vontier Price Performance

NYSE:VNT opened at $36.60 on Wednesday. The stock has a market cap of $5.50 billion, a PE ratio of 14.02, a P/E/G ratio of 1.85 and a beta of 1.26. 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 business’s 50-day simple moving average is $38.07 and its two-hundred day simple moving average is $36.35. Vontier has a 52 week low of $31.22 and a 52 week 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. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same quarter last year, the company earned $0.73 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts forecast that Vontier will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNT. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier in the third quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in Vontier during the third quarter worth $40,000. Ashton Thomas Private Wealth LLC bought a new position in Vontier during the second quarter valued at $44,000. Finally, Covestor Ltd raised its stake in shares of 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 acquiring 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.