VSE (NASDAQ:VSEC) Price Target Raised to $135.00

VSE (NASDAQ:VSEC) had its target price raised by Royal Bank of Canada from $125.00 to $135.00 in a research report sent to investors on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the construction company’s stock.

Several other brokerages have also recently commented on VSEC. B. Riley raised their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their target price on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.50.

VSE Price Performance

NASDAQ VSEC opened at $118.63 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 36.50 and a beta of 1.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The business’s fifty day moving average is $105.46 and its two-hundred day moving average is $92.79. VSE has a 1 year low of $57.10 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period in the prior year, the business posted $0.92 earnings per share. On average, research analysts forecast that VSE will post 2.9 earnings per share for the current fiscal year.

Institutional Trading of VSE

A number of institutional investors have recently bought and sold shares of VSEC. Price T Rowe Associates Inc. MD raised its stake in shares of VSE by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock worth $500,000 after purchasing an additional 465 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in VSE in the second quarter valued at approximately $9,388,000. Calamos Advisors LLC lifted its stake in VSE by 86.6% in the second quarter. Calamos Advisors LLC now owns 31,431 shares of the construction company’s stock valued at $2,775,000 after acquiring an additional 14,586 shares during the last quarter. Bank of New York Mellon Corp grew its position in VSE by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 84,987 shares of the construction company’s stock worth $7,503,000 after acquiring an additional 8,190 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of VSE during the 2nd quarter worth $10,326,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.