Vontier Corporation (VNT) shares are trading at lower $33.17 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $39.13.
To add more color to this target, the company’s high over the last year is $39.00 and the low is $26.36 while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
VNT booked profit margins of 12.60%. All told, it is clear that, VNT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VNT has a short ratio of 0.65 and outstanding shares of 168.40M.
VNT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.87 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.97. Vontier Corporation VNT also noted assets of $1.41 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VNT has historically followed its peers on positive news.
All told, Vontier Corporation VNT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VNT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Vontier Corporation VNT is now commanding a market cap of 5.51B and a float of 167.99M. VNT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VNT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in VNT, either long or short, and we have not been compensated for this article.