Vectrus, Inc. (NYSE:VEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, October 18th. The firm currently has a $37.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 19.05% from the company’s previous close.
According to Zacks, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States. “
A number of other brokerages have also recently commented on VEC. BidaskClub cut Vectrus from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. ValuEngine upgraded Vectrus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Four analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $37.00.
Vectrus (VEC) traded down $0.92 during midday trading on Wednesday, hitting $30.60. 34,028 shares of the stock were exchanged, compared to its average volume of 59,346. The firm has a market capitalization of $344.98, a P/E ratio of 16.59 and a beta of 2.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 1.33. Vectrus has a 1-year low of $16.41 and a 1-year high of $35.58.
Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The firm had revenue of $259.30 million during the quarter, compared to the consensus estimate of $275.00 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. analysts anticipate that Vectrus will post 1.94 EPS for the current fiscal year.
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In other news, insider Charles Prow acquired 1,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $29.62 per share, for a total transaction of $29,620.00. Following the completion of the purchase, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $29,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.90% of the company’s stock.
Vectrus Company Profile
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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