VSE Co. (NASDAQ:VSEC) Receives $116.83 Consensus Price Target from Brokerages

VSE Co. (NASDAQ:VSEC) has been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $116.83.

Several brokerages have issued reports on VSEC. Truist Financial increased their price target on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research note on Thursday, November 7th. Finally, B. Riley increased their price objective on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Institutional Trading of VSE

A number of institutional investors and hedge funds have recently modified their holdings of the business. AltraVue Capital LLC purchased a new stake in VSE in the second quarter worth $48,343,000. Franklin Resources Inc. increased its position in VSE by 121.6% in the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after buying an additional 178,435 shares during the last quarter. Primecap Management Co. CA purchased a new stake in VSE in the third quarter worth $11,016,000. Allspring Global Investments Holdings LLC purchased a new stake in VSE in the second quarter worth $10,326,000. Finally, Hennessy Advisors Inc. purchased a new stake in VSE in the second quarter worth $9,388,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Down 1.1 %

Shares of VSE stock opened at $114.99 on Monday. VSE has a one year low of $57.10 and a one year high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The stock’s 50-day moving average is $100.45 and its 200 day moving average is $90.58. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 35.72 and a beta of 1.56.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter in the prior year, the company earned $0.92 earnings per share. Equities research analysts anticipate that VSE will post 2.9 EPS for the current year.

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.