A share price of Vestis Corp [VSTS] is currently trading at $12.34, up 0.08%. 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 9.59% over the last week, with a monthly amount glided 2.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Redburn Atlantic downgraded its rating to Neutral on May 07, 2024, and kept the price target unchanged to $13.40. On May 03, 2024, downgrade downgraded it’s rating to Hold. JP Morgan downgraded its rating to a Neutral and decreased its price target to $11 on May 03, 2024. Barclays downgraded its rating to a Underweight and raised its price target to $19 on February 28, 2024. Goldman started tracking with a Neutral rating for this stock on January 25, 2024, and assigned it a price target of $22. In a note dated January 11, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $24 on this stock.
Vestis Corp experienced fluctuations in its stock price throughout the past year between $8.92 and $22.37. Currently, Wall Street analysts expect the stock to reach $12.7 within the next 12 months. Vestis Corp [NYSE: VSTS] shares were valued at $12.34 at the most recent close of the market. An investor can expect a potential return of 2.92% 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 12.20 points at the first support level, and at 12.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.52, and for the 2nd resistance point, it is at 12.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Vestis Corp [NYSE:VSTS] 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 Pertz Douglas A, Director, that happened on May 28 ’24 when 22442.0 shares were purchased. 10% Owner, Corvex Management LP completed a deal on May 24 ’24 to buy 100000.0 shares. Meanwhile, Director Pertz Douglas A bought 54468.0 shares on May 24 ’24.
