Vectrus, Inc. (VEC) Given Average Recommendation of “Hold” by Analysts
Vectrus, Inc. (NYSE:VEC) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.00.
VEC has been the topic of a number of recent analyst reports. TheStreet raised Vectrus from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. BidaskClub cut Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, ValuEngine cut Vectrus from a “buy” rating to a “hold” rating in a report on Saturday.
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In other news, SVP Francis Peloso sold 6,172 shares of Vectrus stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $30.85, for a total transaction of $190,406.20. Following the sale, the senior vice president now 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 accessible through this link. Insiders own 3.90% of the company’s stock.
Vectrus (VEC) opened at 28.69 on Friday. The stock has a market capitalization of $317.74 million, a P/E ratio of 13.72 and a beta of 2.17. The stock’s 50 day moving average price is $32.94 and its 200-day moving average price is $27.19. Vectrus has a 52 week low of $12.50 and a 52 week high of $35.58.
Vectrus (NYSE:VEC) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $259.30 million for the quarter, compared to analysts’ expectations of $275 million. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities research analysts expect that Vectrus will post $1.84 earnings per share for the current year.
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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