Today’s Market Runner: Could Vectrus Inc Change Direction After Touching Yearly Low?

Today's Market Runner: Could Vectrus Inc Change Direction After Touching Yearly Low?

The stock of Vectrus Inc (NYSE:VEC) hit a new 52-week low and has $12.93 target or 14.00% below today’s $15.03 share price. The 9 months bearish chart indicates high risk for the $159.42 million company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $12.93 price target is reached, the company will be worth $22.32M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.19 million shares traded hands or 1870.35% up from the average. Vectrus Inc (NYSE:VEC) has risen 43.83% since February 26, 2016 and is uptrending. It has outperformed by 33.41% the S&P500.

Analysts await Vectrus Inc (NYSE:VEC) to report earnings on November, 2. They expect $0.55 EPS, down 15.38% or $0.10 from last year’s $0.65 per share. VEC’s profit will be $5.83M for 6.83 P/E if the $0.55 EPS becomes a reality. After $0.55 actual EPS reported by Vectrus Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Vectrus Inc (NYSE:VEC) Ratings Coverage

Out of 2 analysts covering Vectrus Inc (NYSE:VEC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Vectrus Inc has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. BB&T Capital initiated Vectrus Inc (NYSE:VEC) on Tuesday, July 28 with “Hold” rating. The rating was upgraded by Sidoti to “Buy” on Friday, January 8. The stock of Vectrus Inc (NYSE:VEC) earned “Buy” rating by Sidoti on Wednesday, March 16. Sidoti initiated it with “Neutral” rating and $25.0 target price in Tuesday, October 27 report.

According to Zacks Investment Research, “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.”

More notable recent Vectrus Inc (NYSE:VEC) news were published by: Prnewswire.com which released: “Vectrus statement on Army award of Kuwait Base Operations and Security Support …” on September 29, 2016, also Benzinga.com with their article: “Mid-Morning Market Update: Markets Open Higher; McCormick Profit Tops Estimates” published on September 30, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on September 29, 2011. More interesting news about Vectrus Inc (NYSE:VEC) were released by: Benzinga.com and their article: “12 Biggest Mid-Day Losers For Friday” published on September 30, 2016 as well as Prnewswire.com‘s news article titled: “Vectrus Statement on Army Award of Pre-Positioned Stocks-5 Contract” with publication date: September 01, 2016.

VEC Company Profile

Vectrus, Inc., incorporated on February 4, 2014, is a well-known provider of services to the United States Government across the world. The Firm offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. The Company’s 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. The Company’s logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. The Company’s information technology and network communication services consist of sustainment of communications systems, network security, systems installation and full life cycle management of information technology systems. The Firm provides global service solutions in over 130 locations and approximately 20 countries across over three continents.

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