Vestis Corporation (VSTS) Trading at $9.57, P/E Ratio 17.49

AI Summary

Vestis Corporation (VSTS) was trading at $9.57 as of April 29. Its trailing price-to-earnings (P/E) ratio is reported at 17.49. Since spinning off from Aramark, VSTS's stock has declined approximately 60%, from $20 to $7.70, amid low revenue and earnings misses. The company is working on improving margins and execution, with projected EBITDA of $301 million for FY26, which could lead the stock price to potentially re-rate to $13.80 over twelve months.