Vontier (NYSE:VNT) Price Target Cut to $36.00 by Analysts at Citigroup

Vontier (NYSE:VNT - Get Free Report) had its target price cut by investment analysts at Citigroup from $45.00 to $36.00 in a research report issued on Monday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 19.85% from the company's current price.

VNT has been the topic of a number of other reports. Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Vontier has an average rating of "Moderate Buy" and a consensus target price of $43.17.

Vontier Stock Performance

Shares of NYSE:VNT traded up $0.01 during midday trading on Monday, hitting $30.04. The company had a trading volume of 827,113 shares, compared to its average volume of 870,516. Vontier has a 12-month low of $27.22 and a 12-month high of $41.73. The company has a fifty day moving average of $33.80 and a two-hundred day moving average of $36.01. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million during the quarter. On average, equities research analysts expect that Vontier will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Vontier

A number of hedge funds have recently bought and sold shares of the business. Global X Japan Co. Ltd. increased its holdings in shares of Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after buying an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Vontier during the third quarter worth approximately $40,000. Lazard Asset Management LLC purchased a new stake in Vontier during the fourth quarter valued at approximately $73,000. GAMMA Investing LLC lifted its stake in shares of Vontier by 60.1% in the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

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.