Citigroup Has Lowered Expectations for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC) had its price objective cut by investment analysts at Citigroup from $261.00 to $230.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective points to a potential upside of 22.76% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lifted their price objective on VSE from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. B. Riley Financial lifted their price target on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Truist Financial set a $222.00 price objective on VSE in a report on Friday, January 9th. Finally, William Blair restated an “outperform” rating on shares of VSE in a research report on Thursday, March 12th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.29.

VSE Price Performance

Shares of VSEC stock traded down $4.50 during trading hours on Thursday, reaching $187.36. The stock had a trading volume of 139,990 shares, compared to its average volume of 684,645. The stock’s fifty day simple moving average is $203.19 and its 200 day simple moving average is $185.27. The firm has a market capitalization of $5.26 billion, a PE ratio of 210.29, a PEG ratio of 1.69 and a beta of 1.43. VSE has a 12 month low of $100.53 and a 12 month high of $231.60. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.28. VSE had a net margin of 1.84% and a return on equity of 7.60%. The business had revenue of $301.18 million for the quarter, compared to analysts’ expectations of $289.55 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, equities research analysts predict that VSE will post 2.96 EPS for the current year.

Hedge Funds Weigh In On VSE

A number of hedge funds and other institutional investors have recently modified their holdings of VSEC. New York State Common Retirement Fund increased its position in shares of VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after purchasing an additional 27,448 shares during the last quarter. Ellevest Inc. bought a new stake in VSE in the 4th quarter worth approximately $323,000. EverSource Wealth Advisors LLC lifted its position in VSE by 145.7% in 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 last quarter. Handelsbanken Fonder AB boosted its stake in VSE by 47.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock worth $968,000 after buying an additional 1,800 shares in the last quarter. Finally, 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 acquiring an additional 323 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

About VSE

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.