VSE (NASDAQ:VSEC) Stock Price Expected to Rise, Citigroup Analyst Says

VSE (NASDAQ:VSEC) had its price target raised by equities researchers at Citigroup from $233.00 to $261.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 20.64% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research report on Monday, December 29th. Truist Financial set a $222.00 target price on shares of VSE in a research note on Friday, January 9th. B. Riley Financial boosted their price target on shares of VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada upped their price target on shares of VSE from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Stifel Nicolaus lifted their price objective on VSE from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.71.

VSE Price Performance

VSE stock opened at $216.34 on Monday. VSE has a one year low of $100.53 and a one year high of $231.60. The business has a fifty day moving average price of $204.56 and a 200-day moving average price of $181.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41. The firm has a market capitalization of $6.06 billion, a P/E ratio of 243.08, a PEG ratio of 2.83 and a beta of 1.34.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. VSE had a return on equity of 8.49% and a net margin of 1.84%.The company had revenue of $301.18 million for the quarter, compared to analyst estimates of $289.55 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. As a group, equities research analysts forecast that VSE will post 2.96 EPS for the current year.

Institutional Investors Weigh In On VSE

Several hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in VSE by 31.2% in the 3rd quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock worth $41,131,000 after buying an additional 58,805 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of VSE in the 2nd quarter worth approximately $498,000. Rhumbline Advisers boosted its stake in shares of VSE by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 32,625 shares of the construction company’s stock valued at $4,273,000 after purchasing an additional 7,484 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of VSE in the 3rd quarter valued at $887,000. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of VSE by 2.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Company Profile

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.