Barclays Downgrades Vestis (VSTS)

Fintel reports that on February 28, 2024, Barclays downgraded their outlook for Vestis (NYSE:VSTS) from Equal-Weight to Underweight .

Analyst Price Forecast Suggests 23.18% Upside

As of February 24, 2024, the average one-year price target for Vestis is 23.69. The forecasts range from a low of 17.17 to a high of $30.45. The average price target represents an increase of 23.18% from its latest reported closing price of 19.23.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Vestis is 3,018MM, an increase of 6.17%. The projected annual non-GAAP EPS is 0.97.

What is the Fund Sentiment?

There are 493 funds or institutions reporting positions in Vestis. This is an increase of 471 owner(s) or 2,140.91% in the last quarter. Average portfolio weight of all funds dedicated to VSTS is 0.21%, an increase of 671.25%. Total shares owned by institutions increased in the last three months by 774.08% to 140,472K shares. VSTS / Vestis Corporation Put/Call Ratios The put/call ratio of VSTS is 0.41, indicating a bullish outlook.

What are Other Shareholders Doing?

VSTS / Vestis Corporation Shares Held by Institutions

IJR - iShares Core S&P Small-Cap ETF holds 8,745K shares representing 6.65% ownership of the company.

Mantle Ridge holds 6,330K shares representing 4.82% ownership of the company.

Capital International Investors holds 5,941K shares representing 4.52% ownership of the company.

Farallon Capital Management holds 5,470K shares representing 4.16% ownership of the company.

ABALX - AMERICAN BALANCED FUND holds 4,184K shares representing 3.18% ownership of the company.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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