Vectrus (VEC) Cut to “Hold” at Zacks Investment Research
Vectrus (NYSE:VEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.
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. “
VEC has been the subject of several other research reports. TheStreet raised Vectrus from a “c” rating to a “b-” rating in a research note on Monday, November 27th. 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. Finally, ValuEngine raised Vectrus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.00.
Vectrus (NYSE:VEC) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. The business had revenue of $269.60 million during the quarter, compared to the consensus estimate of $247.50 million. Vectrus had a return on equity of 17.25% and a net margin of 2.02%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. research analysts forecast that Vectrus will post 2 earnings per share for the current fiscal year.
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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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