Vontier Corporation (NYSE:VNT) shares traded 0.97% higher at $40.39 on Wall Street last session.
VNT stock price is now -3.43% away from the 50-day moving average and 12.88% away from the 200-day moving average. The market capitalization of the company currently stands at $6.24B.
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With the price target enhanced from $37 to $40, BofA Securities Upgraded its rating from Neutral to Buy for Vontier Corporation (NYSE: VNT). On September 27, 2023, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $38, while ‘BofA Securities’ rates the stock as ‘Neutral’
A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Vontier Corporation has had a low of $28.57 and a high of $45.62. As of last week, the company has a debt-to-equity ratio of 2.33, a current ratio of 1.57, and a quick ratio of 1.23. According to the stock market information, the enterprise value for the company is $8135516160, which is based on a 14.60 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for VNT is $41.7784 and a two-hundred day moving average price translates $35.834 for the stock.
The latest earnings results from Vontier Corporation (NYSE: VNT) was released for 2024-03-29. According to the Scientific & Technical Instruments Company, earnings per share came in at 0.67, beating analysts’ expectations of 0.65 by 0.02. This compares to $0.53 EPS in the same period last year. The net profit margin was 14.01% and return on equity was 53.16% for VNT. The company reported revenue of $755.8 million for the quarter, compared to $776.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.65 percent. For the current quarter, analysts expect VNT to generate $746.03M in revenue.
