Vectrus, Inc. (VEC) Lifted to “Buy” at ValuEngine
Vectrus, Inc. (NYSE:VEC) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Separately, BidaskClub lowered shares of Vectrus from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.00.
Shares of Vectrus (NYSE VEC) traded up 2.85% during mid-day trading on Monday, hitting $31.72. The stock had a trading volume of 43,239 shares. Vectrus has a one year low of $15.77 and a one year high of $35.58. The firm has a 50 day moving average of $29.16 and a 200-day moving average of $28.86. The stock has a market cap of $351.30 million, a P/E ratio of 15.17 and a beta of 2.21.
Vectrus (NYSE:VEC) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Vectrus had a net margin of 2.06% and a return on equity of 18.96%. The business had revenue of $259.30 million during the quarter, compared to analysts’ expectations of $275.00 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was down 15.8% on a year-over-year basis. Equities research analysts expect that Vectrus will post $1.89 earnings per share for the current fiscal year.
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In other news, insider Charles Prow purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $29.62 per share, for a total transaction of $29,620.00. Following the completion of the transaction, the insider now owns 1,000 shares of the company’s stock, valued at $29,620. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.
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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