VSE’s (VSEC) Outperform Rating Reaffirmed at Royal Bank of Canada

VSE (NASDAQ:VSEC)‘s stock had its “outperform” rating reissued by Royal Bank of Canada in a note issued to investors on Thursday, Benzinga reports. They presently have a $100.00 price target on the construction company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 17.90% from the company’s current price.

A number of other brokerages also recently commented on VSEC. B. Riley boosted their price objective on shares of VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus started coverage on VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 price objective for the company. Benchmark raised their price objective on VSE from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Truist Financial increased their price target on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.80.

VSE Stock Down 4.7 %

Shares of VSEC traded down $4.17 during midday trading on Thursday, reaching $84.82. 246,532 shares of the stock were exchanged, compared to its average volume of 129,973. The company has a market capitalization of $1.36 billion, a P/E ratio of 26.80 and a beta of 1.59. The company has a current ratio of 3.33, a quick ratio of 0.99 and a debt-to-equity ratio of 0.74. VSE has a 52 week low of $48.47 and a 52 week high of $94.10. The company’s 50 day moving average is $85.71 and its two-hundred day moving average is $77.65.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.12. VSE had a net margin of 2.56% and a return on equity of 8.85%. The company had revenue of $241.54 million for the quarter, compared to analysts’ expectations of $242.42 million. On average, sell-side analysts anticipate that VSE will post 3.28 earnings per share for the current year.

Institutional Investors Weigh In On VSE

Several institutional investors and hedge funds have recently made changes to their positions in VSEC. Innealta Capital LLC acquired a new stake in VSE during the 2nd quarter worth about $42,000. Bfsg LLC purchased a new position in VSE during the 4th quarter worth approximately $41,000. AJOVista LLC purchased a new stake in shares of VSE in the 4th quarter valued at $75,000. Park Avenue Securities LLC acquired a new position in VSE during the first quarter valued at $221,000. Finally, Caprock Group LLC acquired a new stake in VSE during the 1st quarter worth about $241,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.