Vectrus (NYSE:VEC) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Vectrus (NYSE:VEC) from a buy rating to a hold rating in a research report report published on Saturday, January 13th.

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 analysts have also commented on the company. Stifel Nicolaus reaffirmed a hold rating and issued a $37.00 target price on shares of Vectrus in a research report on Tuesday, November 21st. ValuEngine raised Vectrus from a hold rating to a buy rating in a research report on Monday, October 2nd. Finally, TheStreet raised Vectrus from a c rating to a b- rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $37.00.

Vectrus (NYSE VEC) traded up $0.90 during midday trading on Friday, hitting $32.41. The company had a trading volume of 43,805 shares, compared to its average volume of 43,157. The firm has a market cap of $350.22, a P/E ratio of 17.91 and a beta of 2.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.33. Vectrus has a 12 month low of $20.73 and a 12 month high of $35.58.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. Vectrus had a return on equity of 17.25% and a net margin of 2.02%. The business had revenue of $269.60 million during the quarter, compared to analyst estimates of $247.50 million. During the same period last year, the company earned $0.60 EPS. Vectrus’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities research analysts anticipate that Vectrus will post 2 EPS for the current year.

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About Vectrus

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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