Vectrus, Inc. (NYSE:VEC) Rating Lowered to Hold at ValuEngine

Vectrus, Inc. (NYSE:VEC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Drexel Hamilton raised shares of Vectrus from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. BidaskClub cut shares of Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, TheStreet raised shares of Vectrus from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Vectrus presently has an average rating of “Hold” and an average price target of $24.50.

Shares of Vectrus (NYSE VEC) opened at 28.69 on Friday. Vectrus has a 1-year low of $12.50 and a 1-year high of $35.58. The stock has a 50 day moving average of $32.94 and a 200-day moving average of $27.19. The firm has a market cap of $317.74 million, a price-to-earnings ratio of 13.72 and a beta of 2.17.

Vectrus (NYSE:VEC) last announced its earnings results 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. The business had revenue of $259.30 million for the quarter, compared to analysts’ expectations of $275 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. Equities analysts anticipate that Vectrus will post $1.84 EPS for the current fiscal year.

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In other Vectrus news, SVP Francis Peloso sold 6,172 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $30.85, for a total value of $190,406.20. Following the transaction, the senior vice president now directly owns 19,071 shares of the company’s stock, valued at approximately $588,340.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.