Vectrus, Inc. (NYSE:VEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, October 18th. The firm currently has a $37.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 16.06% 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. “
VEC has been the subject of several other reports. ValuEngine raised Vectrus from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Four investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $37.00.
Shares of Vectrus (NYSE VEC) opened at 32.00 on Wednesday. The firm’s 50-day moving average is $30.90 and its 200 day moving average is $30.05. The firm has a market capitalization of $354.40 million, a PE ratio of 15.30 and a beta of 2.21. Vectrus has a 52 week low of $16.39 and a 52 week high of $35.58.
Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Vectrus had a net margin of 2.06% and a return on equity of 18.96%. The business had revenue of $259.30 million for the quarter, compared to analyst estimates of $275.00 million. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, equities analysts forecast that Vectrus will post $1.89 earnings per share for the current year.
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In other news, insider Charles Prow acquired 1,000 shares of Vectrus stock in a transaction dated 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 purchase, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $29,620. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by 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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