Vestis Corp [VSTS] stock prices are up 9.66% to $11.58 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VSTS shares have gain 13.98% over the last week, with a monthly amount drifted -39.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Vestis Corp [NYSE: VSTS] stock has seen the most recent analyst activity on May 07, 2024, when Redburn Atlantic downgraded its rating to a Neutral but kept the price target unchanged to $13.40 for it. Previously, Stifel downgraded its rating to Hold on May 03, 2024. On May 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $11 on the stock. Barclays downgraded its rating to a Underweight and increased its price target to $19 on February 28, 2024. Goldman initiated its recommendation with a Neutral and recommended $22 as its price target on January 25, 2024. Wolfe Research started tracking with a Outperform rating for this stock on January 11, 2024, and assigned it a price target of $24. In a note dated December 15, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $24 on this stock.
The stock price of Vestis Corp [VSTS] has been fluctuating between $8.92 and $22.37 over the past year. Currently, Wall Street analysts expect the stock to reach $12.7 within the next 12 months. Vestis Corp [NYSE: VSTS] shares were valued at $11.58 at the most recent close of the market. An investor can expect a potential return of 9.67% based on the average VSTS price forecast.
Analyzing the VSTS fundamentals
Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.23 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.21 points at the first support level, and at 10.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.82, and for the 2nd resistance point, it is at 12.07.
Vestis Corp [VSTS] reported earnings per share of $0.13 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of -$0.09 and a surprise factor of -40.90%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.22 per share as compared to estimates of $0.22 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Vestis Corp [NYSE:VSTS]’s Current Ratio is 2.51. In addition, the Quick Ratio stands at 1.16 and the Cash Ratio stands at 0.08.
Transactions by insiders
Recent insider trading involved Corvex Management LP, 10% Owner, that happened on May 08 ’24 when 0.62 million shares were purchased. 10% Owner, Corvex Management LP completed a deal on May 07 ’24 to buy 1.0 million shares. Meanwhile, 10% Owner Corvex Management LP bought 1.83 million shares on May 06 ’24.
