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

VSE (NASDAQ:VSEC) had its target price hoisted by research analysts at Royal Bank Of Canada from $225.00 to $250.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 10.10% from the company’s previous close.

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

VSE Price Performance

VSEC opened at $227.07 on Friday. The stock has a fifty day moving average of $202.95 and a 200-day moving average of $180.37. The firm has a market capitalization of $5.23 billion, a P/E ratio of 255.13, a PEG ratio of 2.59 and a beta of 1.35. VSE has a 12-month low of $100.53 and a 12-month high of $231.60. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. The business had revenue of $301.18 million for 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%.VSE’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. Equities analysts forecast that VSE will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VSEC. Fred Alger Management LLC lifted its stake in shares of VSE by 26.2% in the 3rd quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after purchasing an additional 81,788 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 buying an additional 32,489 shares during the last quarter. New York State Common Retirement Fund raised its holdings in VSE by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after buying an additional 27,448 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock worth $22,528,000 after buying an additional 3,100 shares during the last quarter. Finally, SG Americas Securities LLC lifted 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 buying an additional 55,474 shares during the last quarter. Institutional investors and hedge funds 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.