Royal Bank of Canada Forecasts Strong Price Appreciation for VSE (NASDAQ:VSEC) Stock

VSE (NASDAQ:VSEC) had its price target upped by investment analysts at Royal Bank of Canada from $125.00 to $135.00 in a research note issued 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 13.80% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on VSEC. StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. B. Riley raised their price objective on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial upped their target price on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.50.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $118.63 on Friday. VSE has a 12 month low of $57.10 and a 12 month high of $123.92. The firm has a market capitalization of $2.42 billion, a P/E ratio of 35.97 and a beta of 1.57. 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 company’s fifty day moving average price is $105.46 and its 200 day moving average price is $92.70.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $273.61 million for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that VSE will post 2.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in VSE during the 2nd quarter worth approximately $42,000. Sanctuary Advisors LLC acquired a new position in VSE during the third quarter worth $155,000. US Bancorp DE grew its holdings in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after acquiring an additional 2,384 shares during the period. Archer Investment Corp purchased a new position in VSE in the second quarter worth $247,000. Finally, BNP Paribas Financial Markets lifted its holdings in VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after acquiring an additional 134 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

About VSE

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.