Brokerages Set Vectrus, Inc. (NYSE:VEC) Price Target at $56.33

Vectrus, Inc. (NYSE:VECGet Rating) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $56.33.

A number of analysts have issued reports on the stock. TheStreet downgraded shares of Vectrus from a “b-” rating to a “c+” rating in a report on Monday, April 4th. StockNews.com assumed coverage on shares of Vectrus in a report on Thursday, March 31st. They issued a “hold” rating for the company. Stifel Nicolaus assumed coverage on shares of Vectrus in a report on Thursday, March 17th. They issued a “hold” rating and a $42.00 price objective for the company. Zacks Investment Research downgraded shares of Vectrus from a “hold” rating to a “strong sell” rating in a report on Saturday, March 12th. Finally, Truist Financial assumed coverage on shares of Vectrus in a research report on Friday, April 1st. They issued a “buy” rating and a $65.00 target price for the company.

Shares of VEC stock opened at $34.51 on Thursday. The company has a market capitalization of $408.15 million, a price-to-earnings ratio of 11.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50-day simple moving average of $36.47 and a 200 day simple moving average of $41.60. Vectrus has a 52 week low of $32.19 and a 52 week high of $55.24.

Vectrus (NYSE:VECGet Rating) last posted its quarterly earnings data on Monday, March 7th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.23). The business had revenue of $419.41 million during the quarter, compared to the consensus estimate of $415.00 million. Vectrus had a net margin of 2.02% and a return on equity of 15.76%. Sell-side analysts forecast that Vectrus will post 4.71 EPS for the current year.

In other Vectrus news, Director Mary L. Howell purchased 1,500 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $50,010.00. Following the transaction, the director now owns 27,819 shares in the company, valued at approximately $927,485.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin T. Boyle acquired 1,000 shares of Vectrus stock in a transaction dated Monday, May 16th. The stock was purchased at an average cost of $34.38 per share, for a total transaction of $34,380.00. Following the completion of the purchase, the senior vice president now owns 10,332 shares in the company, valued at approximately $355,214.16. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 5,450 shares of company stock valued at $186,374. 3.20% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of VEC. Lazard Asset Management LLC boosted its stake in Vectrus by 13.5% during the fourth quarter. Lazard Asset Management LLC now owns 1,952 shares of the business services provider’s stock worth $89,000 after acquiring an additional 232 shares in the last quarter. US Bancorp DE boosted its stake in Vectrus by 83.3% during the third quarter. US Bancorp DE now owns 638 shares of the business services provider’s stock worth $32,000 after acquiring an additional 290 shares in the last quarter. Two Sigma Investments LP boosted its stake in Vectrus by 2.3% during the third quarter. Two Sigma Investments LP now owns 13,007 shares of the business services provider’s stock worth $654,000 after acquiring an additional 292 shares in the last quarter. Walthausen & Co. LLC boosted its stake in Vectrus by 0.7% during the first quarter. Walthausen & Co. LLC now owns 44,250 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 300 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Vectrus by 4.3% during the third quarter. Royal Bank of Canada now owns 11,550 shares of the business services provider’s stock worth $580,000 after acquiring an additional 471 shares in the last quarter. 93.51% of the stock is currently owned by institutional investors.

Vectrus Company Profile (Get Rating)

Vectrus, Inc provides facility and base operations, supply chain and logistics, information technology mission support, and engineering and digital integration services. It offers facility and base operations services, such as facilities operations and maintenance, security, base life support, facilities engineering and management, airfield management, civil engineering, public works, transportation operations, and emergency services.

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