VSE (NASDAQ:VSEC) Price Target Increased to $120.00 by Analysts at Royal Bank of Canada

VSE (NASDAQ:VSEC - Get Free Report) had its price objective lifted by equities researchers at Royal Bank of Canada from $100.00 to $120.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Royal Bank of Canada's price objective points to a potential upside of 17.97% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. 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. Truist Financial raised their price objective on shares of VSE from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Stifel Nicolaus initiated coverage on VSE in a research report on Friday, June 28th. They set a "buy" rating and a $101.00 target price on the stock. Finally, Benchmark reissued a "buy" rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.83.

VSE Stock Performance

VSEC stock traded up $0.32 during trading on Tuesday, hitting $101.72. The company had a trading volume of 206,162 shares, compared to its average volume of 143,683. The firm has a 50-day moving average price of $88.34 and a 200-day moving average price of $84.69. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.87 billion, a PE ratio of 32.02 and a beta of 1.60. VSE has a 1-year low of $52.01 and a 1-year high of $106.11.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The company had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. On average, analysts expect that VSE will post 3.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 14.60% of the stock is owned by company insiders.

Institutional Trading of VSE

Several large investors have recently modified their holdings of VSEC. The Manufacturers Life Insurance Company lifted its stake in VSE by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company's stock valued at $463,000 after buying an additional 320 shares in the last quarter. Park Avenue Securities LLC raised 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 buying an additional 464 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of VSE by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company's stock valued at $500,000 after buying an additional 465 shares during the period. Innealta Capital LLC acquired a new stake in VSE during the second quarter worth approximately $42,000. Finally, Arizona State Retirement System grew its stake in VSE by 22.9% in the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company's stock worth $399,000 after acquiring an additional 842 shares during the period. 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.