Vectrus, Inc. (NYSE:VEC) Rating Lowered to Hold at ValuEngine
Vectrus, Inc. (NYSE:VEC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
VEC has been the topic of a number of other reports. Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. TheStreet raised Vectrus from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Finally, BidaskClub lowered Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vectrus presently has an average rating of “Hold” and a consensus target price of $24.50.
Vectrus (NYSE VEC) opened at 28.69 on Friday. The firm has a market capitalization of $317.74 million, a PE ratio of 13.72 and a beta of 2.17. The firm has a 50-day moving average of $32.94 and a 200 day moving average of $27.19. Vectrus has a 52 week low of $12.50 and a 52 week high of $35.58.
Vectrus (NYSE:VEC) last issued its quarterly 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 company had revenue of $259.30 million for the quarter, compared to analyst estimates of $275 million. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Analysts predict that Vectrus will post $1.84 earnings per share for the current year.
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In related news, SVP Francis Peloso sold 6,172 shares of Vectrus stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $30.85, for a total transaction of $190,406.20. Following the transaction, the senior vice president now directly owns 19,071 shares of the company’s stock, valued at $588,340.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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