Vestis Corp [VSTS] stock is trading at $14.14, down -1.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VSTS shares have gain 0.64% over the last week, with a monthly amount drifted -6.42%, 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 August 08, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $13 for it. On May 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $13.40 on the stock. Stifel downgraded its rating to a Hold. JP Morgan downgraded its rating to a Neutral and reduced its price target to $11 on May 03, 2024. Barclays downgraded its rating to Underweight for this stock on February 28, 2024, and upped its price target to $19. In a note dated January 25, 2024, Goldman initiated an Neutral rating and provided a target price of $22 on this stock.
Vestis Corp [VSTS] stock has fluctuated between $8.92 and $22.37 over the past year. Currently, Wall Street analysts expect the stock to reach $13.13 within the next 12 months. Vestis Corp [NYSE: VSTS] shares were valued at $14.14 at the most recent close of the market. An investor can expect a potential drop of -7.14% based on the average VSTS price forecast.
Analyzing the VSTS fundamentals
Vestis Corp [NYSE:VSTS] reported sales of 2.84B for the trailing twelve months, which represents a drop of -1.57%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.2 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.61.
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 14.01 points at the first support level, and at 13.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.37, and for the 2nd resistance point, it is at 14.60.
Ratios To Look Out For
For context, Vestis Corp’s Current Ratio is 2.37. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 15.86.
Transactions by insiders
Recent insider trading involved Pertz Douglas A, Director, that happened on May 24 ’24 when 54468.0 shares were purchased. Director, Pertz Douglas A completed a deal on May 28 ’24 to buy 22442.0 shares. Meanwhile, EVP and CTO Shih Grant bought 800.0 shares on May 24 ’24.
