Vectrus, Inc. (NYSE:VEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $37.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.84% from the company’s current price.
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. “
Several other equities research analysts have also recently issued reports on VEC. BidaskClub cut shares of Vectrus from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. ValuEngine raised shares of Vectrus from a “hold” rating to a “buy” rating in a research report 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 up 0.90% during trading on Wednesday, reaching $32.51. 9,484 shares of the company’s stock traded hands. Vectrus has a 1-year low of $16.35 and a 1-year high of $35.58. The firm has a 50 day moving average of $30.55 and a 200 day moving average of $29.72. The firm has a market capitalization of $360.05 million, a PE ratio of 15.55 and a beta of 2.21.
Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $259.30 million during the quarter, compared to the consensus estimate of $275.00 million. Vectrus had a net margin of 2.06% and a return on equity of 18.96%. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. Equities analysts forecast that Vectrus will post $1.89 EPS for the current year.
In related news, insider Charles Prow bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $29.62 per share, with a total value of $29,620.00. Following the completion of the transaction, the insider now owns 1,000 shares of the company’s stock, valued at $29,620. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by company insiders.
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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