Citigroup Lowers VSE (NASDAQ:VSEC) Price Target to $230.00

VSE (NASDAQ:VSEC) had its price objective decreased by Citigroup from $261.00 to $230.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price target suggests a potential upside of 24.26% from the stock’s previous close.

Several other research firms have also recently commented on VSEC. William Blair restated an “outperform” rating on shares of VSE in a research report on Thursday, March 12th. Stifel Nicolaus upped their price target on shares of VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of VSE from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Truist Financial set a $222.00 target price on VSE in a report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.29.

VSE Stock Performance

VSE stock opened at $185.09 on Thursday. VSE has a 12 month low of $100.53 and a 12 month high of $231.60. The company has a fifty day moving average price of $202.23 and a two-hundred day moving average price of $185.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.76 and a quick ratio of 1.43. The company has a market cap of $5.19 billion, a PE ratio of 207.97, a P/E/G ratio of 1.70 and a beta of 1.43.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.28. The firm had revenue of $301.18 million for the quarter, compared to analyst estimates of $289.55 million. VSE had a net margin of 1.84% and a return on equity of 7.60%. VSE’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. Research analysts expect that VSE will post 2.96 earnings per share for the current year.

Institutional Investors Weigh In On VSE

A number of institutional investors and hedge funds have recently modified their holdings of VSEC. EverSource Wealth Advisors LLC raised its holdings in VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after buying an additional 153 shares during the period. Farther Finance Advisors LLC grew its position in VSE by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after purchasing an additional 323 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VSE by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after buying an additional 470 shares during the period. Handelsbanken Fonder AB increased its stake in VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after buying an additional 1,800 shares during the period. Finally, Ellevest Inc. purchased a new stake in VSE in the 4th quarter worth approximately $323,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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.