Blurbs

Noble Financial Thinks Vectrus’ Stock is Going to Recover

Noble Financial analyst Joe Gomes maintained a Buy rating on Vectrus (VECResearch Report) today and set a price target of $62.00. The company’s shares closed last Friday at $31.73, close to its 52-week low of $30.97.

According to TipRanks.com, Gomes is a 4-star analyst with an average return of 5.3% and a 36.2% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and One Stop Systems.

Vectrus has an analyst consensus of Moderate Buy, with a price target consensus of $63.50.

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Based on Vectrus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $456 million and net profit of $2.86 million. In comparison, last year the company earned revenue of $434 million and had a net profit of $12.05 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VEC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Vectrus, Inc. is a services company. The company’s services include facility & logistics Services and Information Technology & Network Communications Services. The Facility & Logistics capabilities consists of airfield management, ammunition management, civil engineering, communications, emergency services, equipment maintenance, repair and services, life support activities, public works, security, transportation operations, and warehouse management & distribution. It supports the U.S. Army, Air Force and Navy in both domestic and international environments, geographically ranging from the U.S. to Europe and Southwest Asia. The Information Technology & Network Communications capabilities consist of communications, system-of system engineering and software development, mission services, management and service support, network and cybersecurity, and systems installation & activation for the U.S. Army, Air Force and Navy. The company was founded on February 4, 2014 and is headquartered in Colorado Springs, CO.

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