Robert W. Baird lifts Vestis Corp [VSTS] price estimate. Who else is bullish?

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Vestis Corp [NYSE: VSTS] closed the trading session at $15.60.

The stocks have a year to date performance of -26.21 percent and weekly performance of 4.84 percent. The stock has been moved at -13.57 percent over the last six months. The stock has performed 15.81 percent around the most recent 30 days and changed 31.87 percent over the most recent 3-months.

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If compared to the average trading volume of 2.01M shares, VSTS reached to a volume of 2772308 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Vestis Corp [VSTS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VSTS shares is $13.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VSTS stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Vestis Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, William Blair raised their target price to Mkt Perform. The new note on the price target was released on May 31, 2024, representing the official price target for Vestis Corp stock. Previously, the target price had yet another raise to $13.40, while Redburn Atlantic analysts kept a Neutral rating on VSTS stock.

The Average True Range (ATR) for Vestis Corp is set at 0.55, with the Price to Sales ratio for VSTS stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 0.22.

VSTS stock trade performance evaluation

Vestis Corp [VSTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.84. With this latest performance, VSTS shares gained by 15.81% in over the last four-week period, additionally sinking by -13.57% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VSTS stock in for the last two-week period is set at 68.45, with the RSI for the last a single of trading hit 72.23, and the three-weeks RSI is set at 65.45 for Vestis Corp [VSTS]. The present Moving Average for the last 50 days of trading for this stock 13.40, while it was recorded at 15.19 for the last single week of trading, and 16.22 for the last 200 days.

Vestis Corp [VSTS]: An insightful look at the core fundamentals

Vestis Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 2.37.

Earnings per share (EPS) analysis for Vestis Corp [VSTS] stock

With the latest financial reports released by the company, Vestis Corp posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.23. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VSTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vestis Corp go to 12.70%.

Vestis Corp [VSTS]: Institutional Ownership

There are presently around $97.42%, or 97.97%% of VSTS stock, in the hands of institutional investors.

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