Vectrus, Inc. (NYSE:VEC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Friday. The firm presently has a $27.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 13.26% from the stock’s current price.
According to Zacks, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States. “
Other research analysts also recently issued reports about the stock. TheStreet downgraded shares of Vectrus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Stifel Nicolaus started coverage on shares of Vectrus in a research note on Thursday, September 29th. They set a “hold” rating and a $22.00 price target for the company.
Vectrus (NYSE:VEC) traded down 0.189% during mid-day trading on Friday, hitting $23.795. 11,041 shares of the stock were exchanged. The company has a market cap of $256.37 million, a P/E ratio of 10.296 and a beta of 2.19. The company has a 50-day moving average price of $23.51 and a 200-day moving average price of $25.30. Vectrus has a one year low of $12.50 and a one year high of $34.98.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, November 8th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $283.80 million for the quarter, compared to the consensus estimate of $294.25 million. Vectrus had a net margin of 2.08% and a return on equity of 25.07%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Analysts forecast that Vectrus will post $2.22 earnings per share for the current fiscal year.
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In other Vectrus news, Director Louis J. Giuliano purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $115,150.00. Following the purchase, the director now directly owns 23,918 shares in the company, valued at $550,831.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VEC. Numeric Investors LLC purchased a new stake in Vectrus during the second quarter valued at approximately $5,976,000. Dimensional Fund Advisors LP boosted its stake in Vectrus by 27.0% in the second quarter. Dimensional Fund Advisors LP now owns 230,332 shares of the company’s stock valued at $6,562,000 after buying an additional 49,014 shares during the period. Zacks Investment Management purchased a new stake in Vectrus during the second quarter valued at approximately $1,372,000. Panagora Asset Management Inc. boosted its stake in Vectrus by 155.5% in the second quarter. Panagora Asset Management Inc. now owns 43,831 shares of the company’s stock valued at $1,249,000 after buying an additional 26,675 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in Vectrus during the second quarter valued at approximately $659,000. Institutional investors own 81.28% 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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