VSE (NASDAQ:VSEC) Given New $220.00 Price Target at Royal Bank Of Canada

VSE (NASDAQ:VSEC) had its price objective decreased by Royal Bank Of Canada from $250.00 to $220.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 29.64% from the company’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Friday, April 24th. Citigroup decreased their price objective on VSE from $261.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a report on Monday. William Blair reiterated an “outperform” rating on shares of VSE in a report on Thursday, March 12th. Finally, Stifel Nicolaus increased their price objective on VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, VSE currently has a consensus rating of “Buy” and a consensus price target of $225.00.

VSE Trading Down 1.1%

Shares of NASDAQ:VSEC traded down $1.97 during trading on Friday, reaching $169.71. 164,838 shares of the company traded hands, compared to its average volume of 643,494. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 190.01, a P/E/G ratio of 1.46 and a beta of 1.43. VSE has a 52-week low of $112.50 and a 52-week high of $232.61. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $199.51 and its 200-day moving average is $189.97.

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, beating analysts’ consensus estimates of $0.88 by $0.28. The firm had revenue of $301.18 million during the quarter, compared to analyst estimates of $289.55 million. VSE had a return on equity of 7.60% and a net margin of 1.84%.The business’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. As a group, analysts forecast that VSE will post 4.57 EPS for the current year.

Hedge Funds Weigh In On VSE

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. Ellevest Inc. purchased a new stake in shares of VSE in the 4th quarter worth $323,000. Farther Finance Advisors LLC lifted its holdings in shares of VSE by 946.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after buying an additional 1,704 shares during the period. AQR Capital Management LLC purchased a new stake in shares of VSE in the 1st quarter worth $247,000. Finally, SG Americas Securities LLC raised its position in shares of VSE by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after acquiring an additional 3,017 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.