Citigroup Forecasts Strong Price Appreciation for Vontier (NYSE:VNT) Stock

Vontier (NYSE:VNT) had its price objective boosted by stock analysts at Citigroup from $44.00 to $46.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 17.80% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Evercore ISI dropped their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Barclays lifted their price objective on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.88.

Vontier Stock Up 1.1 %

VNT stock traded up $0.41 during mid-day trading on Monday, hitting $39.05. The stock had a trading volume of 275,961 shares, compared to its average volume of 802,591. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a fifty day moving average of $36.60 and a 200 day moving average of $36.62. 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 stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.81 and a beta of 1.24.

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

Hedge Funds Weigh In On Vontier

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in shares of Vontier by 305.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after buying an additional 679,651 shares during the period. Stanley Capital Management LLC bought a new position in shares of Vontier during the second quarter valued at $17,954,000. River Road Asset Management LLC boosted its stake in shares of Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vontier by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the last quarter. Finally, F M Investments LLC acquired a new stake in shares of Vontier during the 2nd quarter worth about $9,877,000. 95.83% of the stock is owned by institutional investors.

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.