Vectrus, Inc. (NYSE:VEC) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Monday, July 31st.
A number of other research analysts also recently issued reports on VEC. Drexel Hamilton upgraded Vectrus from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. TheStreet upgraded Vectrus from a “d+” rating to a “c” rating in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Vectrus presently has an average rating of “Buy” and a consensus price target of $24.50.
Shares of Vectrus (VEC) traded up 3.18% during midday trading on Monday, reaching $26.59. 216,206 shares of the company’s stock traded hands. Vectrus has a one year low of $12.50 and a one year high of $35.58. The stock’s 50-day moving average price is $33.07 and its 200 day moving average price is $27.15. The firm has a market capitalization of $294.48 million, a PE ratio of 12.72 and a beta of 2.17.
Vectrus (NYSE:VEC) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Vectrus had a return on equity of 19.61% and a net margin of 2.06%. The business had revenue of $259.30 million for the quarter, compared to the consensus estimate of $275 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, equities research analysts expect that Vectrus will post $1.84 earnings per share for the current fiscal year.
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In other news, SVP Francis Peloso sold 6,172 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $30.85, for a total value of $190,406.20. Following the completion of the sale, the senior vice president now directly owns 19,071 shares of the company’s stock, valued at approximately $588,340.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is 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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