Vectrus (VEC) Rating Increased to Buy at ValuEngine

Vectrus (NYSE:VEC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $37.00 price target on shares of Vectrus in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research note on Tuesday, January 23rd. Finally, TheStreet raised shares of Vectrus from a “c” rating to a “b-” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.00.

Shares of Vectrus (NYSE:VEC) opened at $29.20 on Friday. Vectrus has a fifty-two week low of $20.73 and a fifty-two week high of $35.58. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.37. The firm has a market cap of $324.56, a PE ratio of 16.13 and a beta of 1.97.

Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Vectrus had a net margin of 2.02% and a return on equity of 17.25%. The firm had revenue of $269.60 million for the quarter, compared to the consensus estimate of $247.50 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. research analysts anticipate that Vectrus will post 2 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/02/04/vectrus-vec-rating-increased-to-buy-at-valuengine.html.

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.

Receive News & Ratings for Vectrus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectrus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply