ValuEngine Lowers Vectrus, Inc. (NYSE:VEC) to Hold
Vectrus, Inc. (NYSE:VEC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.
Other research analysts have also recently issued reports about the company. BidaskClub cut Vectrus from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Drexel Hamilton upgraded Vectrus from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. Finally, TheStreet upgraded Vectrus from a “d+” rating to a “c” rating in a research report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.50.
Vectrus (NYSE:VEC) traded up 7.90% during midday trading on Friday, hitting $28.69. 319,319 shares of the stock traded hands. The company has a 50-day moving average of $32.94 and a 200-day moving average of $27.19. The stock has a market cap of $317.74 million, a PE ratio of 13.72 and a beta of 2.17. Vectrus has a 12 month low of $12.50 and a 12 month high of $35.58.
Vectrus (NYSE:VEC) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The firm had revenue of $259.30 million during the quarter, compared to the consensus estimate of $275 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue was down 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Vectrus will post $1.84 earnings per share for the current year.
In related 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 completion of the transaction, the senior vice president now directly owns 19,071 shares in the company, valued at $588,340.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently 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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