VSE (NASDAQ:VSEC) Price Target Cut to $129.00 by Analysts at Truist Financial

VSE (NASDAQ:VSEC) had its price objective dropped by research analysts at Truist Financial from $133.00 to $129.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 35.48% from the company’s current price.

Several other brokerages also recently issued reports on VSEC. Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group raised their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. B. Riley raised their price target 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, StockNews.com raised shares of VSE to a “sell” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.83.

VSE Stock Up 1.2 %

Shares of NASDAQ:VSEC traded up $1.14 during midday trading on Tuesday, hitting $95.22. 18,780 shares of the stock were exchanged, compared to its average volume of 231,843. 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 company has a market capitalization of $1.94 billion, a PE ratio of 21.21 and a beta of 1.62. VSE has a 52-week low of $57.10 and a 52-week high of $123.92. The business’s fifty day simple moving average is $107.79 and its two-hundred day simple moving average is $96.01.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million for the quarter, compared to analysts’ expectations of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts predict that VSE will post 2.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. AltraVue Capital LLC purchased a new stake in VSE during the 2nd quarter valued at $48,343,000. Franklin Resources Inc. boosted its holdings 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 acquiring an additional 178,435 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of VSE in the third quarter worth about $11,016,000. Wasatch Advisors LP purchased a new position in VSE during the third quarter valued at approximately $8,437,000. Finally, Ghisallo Capital Management LLC purchased a new position in VSE during the second quarter valued at approximately $4,414,000. 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.