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

VSE (NASDAQ:VSEC) had its target price raised by analysts at Royal Bank of Canada from $120.00 to $125.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 8.91% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Truist Financial lifted their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group increased their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

VSE Stock Performance

VSE stock traded down $1.70 during midday trading on Thursday, hitting $114.77. 79,132 shares of the company’s stock were exchanged, compared to its average volume of 146,264. VSE has a 12-month low of $56.98 and a 12-month high of $116.95. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 25.43 and a beta of 1.56. The firm’s 50 day simple moving average is $92.15 and its 200 day simple moving average is $86.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53.

Insider Buying and Selling

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of VSE in the second quarter valued at approximately $42,000. US Bancorp DE grew its holdings in VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after buying an additional 2,384 shares during the last quarter. Archer Investment Corp acquired a new position in shares of VSE in the second quarter worth $247,000. Park Avenue Securities LLC lifted its position in shares of VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after acquiring an additional 842 shares during the last quarter. 91.54% of the stock is currently 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.