Analyst Ratings For Vestis
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Vestis (NYSE:VSTS) over the past three months, with a recent shift towards a more bullish stance. The average 12-month price target for VSTS is now $21.00, up from $20.00, with a high estimate of $24.00 and a low of $20.00. The company operates in uniform rentals and workplace supplies in the US and Canada, showing strong profitability with a net margin of 22.4% and an ROE of 17.9%, but faces challenges with a high debt-to-equity ratio of 1.92.
January 11, 2024 | 5:01 pm
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POSITIVE IMPACT
Vestis has received mixed analyst ratings, but the average price target has increased to $21.00, indicating a positive sentiment. The company's strong profitability metrics may support a bullish outlook, despite a high debt-to-equity ratio.
The increase in the average price target suggests that analysts are optimistic about Vestis's future performance. The company's strong profitability indicators, such as a high net margin and ROE, are likely to be viewed positively by investors. However, the high debt-to-equity ratio may temper some of the enthusiasm, warranting a slightly reduced confidence score.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100