Vestis (NYSE:VSTS) Given New $16.00 Price Target at JPMorgan Chase & Co.

Vestis (NYSE:VSTS) had its price target boosted by analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.51% from the stock’s previous close.

Several other brokerages have also commented on VSTS. Barclays raised their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday. Baird R W cut Vestis from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. The Goldman Sachs Group increased their target price on Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Robert W. Baird lowered Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Vestis has a consensus rating of “Hold” and a consensus target price of $17.43.

Vestis Stock Performance

Shares of NYSE:VSTS traded down $0.31 during trading on Friday, hitting $15.31. 98,229 shares of the stock traded hands, compared to its average volume of 2,127,818. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.37 and a quick ratio of 2.02. The company has a fifty day moving average price of $14.58 and a two-hundred day moving average price of $13.26. Vestis has a 52-week low of $8.92 and a 52-week high of $22.37.

Institutional Trading of Vestis

Several hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Vestis by 445.4% in the 3rd quarter. Barclays PLC now owns 51,981 shares of the company’s stock valued at $774,000 after purchasing an additional 42,450 shares during the last quarter. M&T Bank Corp acquired a new position in Vestis in the third quarter valued at about $169,000. Public Employees Retirement System of Ohio boosted its stake in Vestis by 105.2% during the third quarter. Public Employees Retirement System of Ohio now owns 122,255 shares of the company’s stock worth $1,822,000 after buying an additional 62,675 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Vestis by 104.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Vestis in the 3rd quarter worth approximately $1,232,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.