Truist Financial Issues Positive Forecast for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC) had its target price raised by analysts at Truist Financial from $129.00 to $134.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 18.16% from the company’s previous close.

Several other equities analysts have also issued reports on the company. B. Riley increased their target price on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price target on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

VSE Trading Down 0.0 %

Shares of NASDAQ VSEC traded down $0.02 during trading on Tuesday, hitting $113.40. 89,994 shares of the company were exchanged, compared to its average volume of 181,640. The company has a fifty day moving average price of $100.69 and a 200-day moving average price of $99.97. 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 firm has a market capitalization of $2.31 billion, a PE ratio of 136.50 and a beta of 1.61. VSE has a 12-month low of $72.65 and a 12-month high of $123.92.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. As a group, equities research analysts expect that VSE will post 2.96 EPS for the current year.

Institutional Trading of VSE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its stake in VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock worth $192,689,000 after acquiring an additional 698,642 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of VSE in the 4th quarter valued at about $35,834,000. Artisan Partners Limited Partnership acquired a new stake in shares of VSE in the fourth quarter valued at approximately $31,692,000. Ameriprise Financial Inc. boosted its stake in shares of VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock worth $68,115,000 after buying an additional 277,971 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of VSE by 16.8% in the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock valued at $170,616,000 after buying an additional 258,674 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company Profile

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.