Last Updated: 15 Sep 2024
Executive Summary
Vestis Corporation (VSTS) is a leading provider of customized uniform rental and purchase programs in North America and Japan. The company has a strong financial position with a market capitalization of $1.97 billion and an EBITDA of $334.2 million. Vestis has a trailing PE ratio of 16.88 and a dividend yield of 0.0093%. The company's stock price is currently trading at $15.02, which is below the analyst target price of $14.3.
Company Overview
Vestis Corporation was founded in 1918 and is headquartered in Roswell, Georgia. The company provides a wide range of uniform rental and purchase programs to businesses in a variety of industries, including healthcare, hospitality, and manufacturing. Vestis has a network of over 1,000 locations in the United States, Canada, Puerto Rico, and Japan.
Fundamental Analysis
Vestis Corporation has a strong financial position with a market capitalization of $1.97 billion and an EBITDA of $334.2 million. The company's revenue has grown steadily in recent years, from $2.6 billion in 2019 to $2.8 billion in 2023. Vestis has a trailing PE ratio of 16.88, which is in line with the industry average. The company's dividend yield is 0.0093%, which is below the industry average.
Technical Analysis
The technical analysis of Vestis Corporation's stock price shows that the stock is currently trading in a downtrend. The stock price has been below its 50-day moving average and 200-day moving average for the past several months. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Vestis Corporation is negative. The stock price is currently trading below its 50-day moving average and 200-day moving average, and the RSI is below 50. This indicates that the stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for Vestis Corporation is positive. The company has a strong financial position and a growing revenue stream. The company is also expanding into new markets, such as Japan. This indicates that the company is well-positioned for long-term growth.
Analyst Recommendations
The majority of analysts have a hold rating on Vestis Corporation. Two analysts have a strong buy rating, while one analyst has a sell rating. The average analyst target price is $14.3, which is below the current stock price.
