Vectrus Inc (NYSE:VEC) Receives $47.00 Average Target Price from Analysts

Vectrus Inc (NYSE:VEC) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.00.

A number of equities analysts have recently issued reports on VEC shares. TheStreet upgraded shares of Vectrus from a “c+” rating to a “b” rating in a research report on Monday, April 15th. ValuEngine lowered shares of Vectrus from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Drexel Hamilton upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, April 16th. Noble Financial reiterated a “hold” rating on shares of Vectrus in a research report on Thursday, February 28th. Finally, B. Riley assumed coverage on shares of Vectrus in a research report on Tuesday. They issued a “buy” rating and a $49.00 price objective on the stock.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Vectrus by 348.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,813 shares during the last quarter. Citigroup Inc. grew its position in Vectrus by 16.1% in the 4th quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock valued at $83,000 after buying an additional 536 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Vectrus by 373.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,021 shares of the business services provider’s stock valued at $87,000 after buying an additional 3,172 shares during the last quarter. SG Americas Securities LLC purchased a new position in Vectrus in the 1st quarter valued at $117,000. Finally, Marshall Wace North America L.P. grew its position in Vectrus by 1,001.5% in the 1st quarter. Marshall Wace North America L.P. now owns 7,171 shares of the business services provider’s stock valued at $191,000 after buying an additional 6,520 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Shares of VEC opened at $39.38 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $437.39 million, a price-to-earnings ratio of 13.39 and a beta of 1.82. The business’s 50 day simple moving average is $37.26. Vectrus has a 12-month low of $19.61 and a 12-month high of $42.24.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $325.93 million for the quarter, compared to analysts’ expectations of $325.75 million. Vectrus had a return on equity of 16.53% and a net margin of 2.82%. As a group, analysts expect that Vectrus will post 3.42 earnings per share for the current fiscal year.

About Vectrus

Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. The company offers facility and logistics services, such as airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, warehouse management and distribution, and equipment maintenance, repair, and services for U.S.

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