Vontier Co. (NYSE:VNT) Given Consensus Recommendation of “Buy” by Brokerages

Vontier Co. (NYSE:VNT) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.20.

VNT has been the subject of several recent analyst reports. Citigroup began coverage on shares of Vontier in a report on Monday, October 12th. They issued a “buy” rating and a $40.00 price target for the company. Credit Suisse Group initiated coverage on shares of Vontier in a research note on Friday, October 16th. They set an “outperform” rating and a $43.00 target price for the company. Barclays reaffirmed a “buy” rating and issued a $40.00 price target on shares of Vontier in a research note on Thursday, October 15th. Robert W. Baird initiated coverage on Vontier in a report on Monday, October 26th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, Vertical Research began coverage on Vontier in a report on Monday, October 12th. They set a “hold” rating for the company.

An institutional investor recently bought a new position in Vontier stock. Wells Fargo & Company MN purchased a new position in shares of Vontier Co. (NYSE:VNT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 142,538 shares of the company’s stock, valued at approximately $4,419,000. Wells Fargo & Company MN owned 0.08% of Vontier as of its most recent SEC filing.

Shares of Vontier stock opened at $33.40 on Wednesday. The company has a 50-day simple moving average of $32.41. Vontier has a twelve month low of $26.36 and a twelve month high of $39.00.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The business had revenue of $746.70 million during the quarter, compared to analysts’ expectations of $745.55 million. The business’s revenue was up 714.5% compared to the same quarter last year.

About Vontier

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of critical technical equipment, components, software, and services for manufacturing, repair and servicing in the mobility infrastructure industry worldwide. The company offers environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software solutions for traffic light control and vehicle mechanics' and technicians' equipment.

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Analyst Recommendations for Vontier (NYSE:VNT)

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