Zacks Investment Research Downgrades Vectrus (VEC) to Hold

Vectrus (NYSE:VEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. Stifel Nicolaus reissued a “hold” rating and set a $37.00 target price on shares of Vectrus in a report on Tuesday, November 21st. ValuEngine raised shares of Vectrus from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, TheStreet raised shares of Vectrus from a “c” rating to a “b-” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $37.00.

Vectrus (NYSE:VEC) opened at $31.92 on Friday. The stock has a market cap of $354.78, a price-to-earnings ratio of 15.88 and a beta of 2.17. Vectrus has a fifty-two week low of $20.73 and a fifty-two week high of $35.58. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.37.

Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.10. The business had revenue of $269.60 million during the quarter, compared to analysts’ expectations of $247.50 million. Vectrus had a net margin of 2.02% and a return on equity of 17.25%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. sell-side analysts expect that Vectrus will post 2 EPS for the current year.

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About Vectrus

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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