Vectrus (NYSE:VEC) Research Coverage Started at B. Riley

B. Riley assumed coverage on shares of Vectrus (NYSE:VEC) in a research note issued to investors on Tuesday, June 25th, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $49.00 target price on the business services provider’s stock. B. Riley also issued estimates for Vectrus’ Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.90 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $3.28 EPS and FY2020 earnings at $4.05 EPS.

Other equities analysts also recently issued research reports about the company. TheStreet raised Vectrus from a c+ rating to a b rating in a research report on Monday, April 15th. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Noble Financial reissued a hold rating on shares of Vectrus in a research report on Thursday, February 28th. Zacks Investment Research raised Hanmi Financial from a sell rating to a hold rating in a research report on Thursday, June 20th. Finally, Drexel Hamilton raised Vectrus from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Vectrus presently has an average rating of Buy and an average price target of $46.33.

NYSE VEC traded down $0.09 during trading hours on Tuesday, hitting $41.90. The company’s stock had a trading volume of 107,079 shares, compared to its average volume of 88,362. The stock has a fifty day moving average of $38.89. Vectrus has a twelve month low of $19.61 and a twelve month high of $46.51. The firm has a market cap of $482.97 million, a price-to-earnings ratio of 14.25 and a beta of 1.83. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.30.

Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). The company had revenue of $325.93 million for the quarter, compared to analysts’ expectations of $325.75 million. Vectrus had a net margin of 2.82% and a return on equity of 16.53%. As a group, sell-side analysts anticipate that Vectrus will post 3.37 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in Vectrus by 21.0% in the first quarter. FMR LLC now owns 203,071 shares of the business services provider’s stock worth $5,400,000 after purchasing an additional 35,248 shares during the period. Marshall Wace North America L.P. increased its stake in Vectrus by 1,001.5% in the first quarter. Marshall Wace North America L.P. now owns 7,171 shares of the business services provider’s stock worth $191,000 after purchasing an additional 6,520 shares during the period. Marshall Wace LLP increased its stake in Vectrus by 13.2% in the first quarter. Marshall Wace LLP now owns 149,219 shares of the business services provider’s stock worth $3,968,000 after purchasing an additional 17,372 shares during the period. Summit Global Investments purchased a new stake in Vectrus in the first quarter worth $739,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Vectrus by 38.5% in the first quarter. Campbell & CO Investment Adviser LLC now owns 14,557 shares of the business services provider’s stock worth $387,000 after purchasing an additional 4,046 shares during the period. Institutional investors and hedge funds own 87.07% of the company’s stock.

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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