VSE (NASDAQ:VSEC) Price Target Raised to $250.00 at Royal Bank Of Canada

VSE (NASDAQ:VSEC) had its target price increased by Royal Bank Of Canada from $225.00 to $250.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 11.82% from the company’s current price.

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

VSE Stock Performance

VSE stock traded down $2.92 during mid-day trading on Friday, reaching $223.58. 153,740 shares of the company traded hands, compared to its average volume of 554,161. VSE has a fifty-two week low of $100.53 and a fifty-two week high of $231.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 251.40, a price-to-earnings-growth ratio of 2.50 and a beta of 1.35. The firm’s fifty day moving average is $201.92 and its two-hundred day moving average is $179.75.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data 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. VSE had a return on equity of 8.49% and a net margin of 1.84%.The business had revenue of $301.18 million during the quarter, compared to analysts’ expectations of $289.55 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. On average, equities research analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VSE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock valued at $1,576,000 after purchasing an additional 3,350 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of VSE in the first quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of VSE by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after acquiring an additional 470 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in VSE by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after acquiring an additional 32,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in VSE by 56.6% in the 1st 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 during the last quarter. 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.