Versigent (NYSE:VGNT) Receives Consensus Rating of “Buy” from Analysts

Shares of Versigent (NYSE:VGNT) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $48.6667.

A number of equities analysts have commented on the stock. Zacks Research raised shares of Versigent from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Wells Fargo & Company increased their price objective on shares of Versigent from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Morgan Stanley began coverage on shares of Versigent in a research note on Friday, May 8th. They set an “overweight” rating and a $51.00 target price for the company. Wolfe Research started coverage on shares of Versigent in a report on Thursday, April 30th. They set an “outperform” rating and a $53.00 target price for the company. Finally, Fox Advisors upgraded shares of Versigent to a “strong-buy” rating in a research note on Tuesday, April 7th.

Versigent Trading Up 1.1%

VGNT stock opened at $40.24 on Thursday. Versigent has a 1-year low of $26.34 and a 1-year high of $50.88. The business’s 50 day simple moving average is $43.13.