Royal Bank Of Canada Forecasts Strong Price Appreciation for VSE (NASDAQ:VSEC) Stock

VSE (NASDAQ:VSEC) had its price target lifted by research analysts at Royal Bank Of Canada from $225.00 to $250.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 11.82% from the stock’s current price.

VSEC has been the topic of a number of other research reports. Truist Financial set a $222.00 price target on VSE in a research note on Friday, January 9th. Citigroup increased their target price on shares of VSE from $215.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. B. Riley Financial lifted their price objective on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Stifel Nicolaus upped their price target on shares of VSE from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.29.

VSE Trading Down 1.3%

Shares of NASDAQ VSEC traded down $2.92 during midday trading on Friday, reaching $223.58. 153,740 shares of the stock were exchanged, compared to its average volume of 554,161. The company has a market capitalization of $5.15 billion, a P/E ratio of 251.40, a P/E/G ratio of 2.50 and a beta of 1.35. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $201.92 and a 200-day moving average price of $179.75. VSE has a 52-week low of $100.53 and a 52-week high of $231.60.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.28. The firm had revenue of $301.18 million during the quarter, compared to the consensus estimate of $289.55 million. VSE had a return on equity of 8.49% and a net margin of 1.84%.The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. Equities research analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC raised its holdings in VSE by 26.2% in the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock worth $65,582,000 after buying an additional 81,788 shares during the last quarter. New York State Common Retirement Fund increased its position in VSE by 31.2% in the third quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock worth $41,131,000 after buying an additional 58,805 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock worth $10,304,000 after purchasing an additional 55,474 shares during the period. Goldman Sachs Group Inc. raised its stake in VSE by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in VSE by 56.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock valued at $6,050,000 after acquiring an additional 18,220 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.