Royal Bank Of Canada Lowers VSE (NASDAQ:VSEC) Price Target to $220.00

Key Points

• Royal Bank of Canada cut its price target on VSE from $250 to $220 but kept an outperform rating, with the new target implying roughly a 29.6% upside from the prior close.
• Analyst consensus remains positive: the average price target is $225 and the breakdown is 1 Strong Buy, 8 Buy and 1 Hold, giving VSE a consensus Buy rating.
• VSE recently beat quarterly estimates (EPS $1.16 vs. $0.88; revenue up 32.4% YoY), yet the stock traded near $169.71 and carries a high P/E of 190 with its 50- and 200-day moving averages (~$199.51 and $189.97) above the current price.

VSE (NASDAQ:VSEC - Get Free Report) had its price objective cut by equities researchers at Royal Bank Of Canada from $250.00 to $220.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 29.64% from the company's previous close.

A number of other equities analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of VSE from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Citigroup cut their price target on shares of VSE from $261.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of VSE in a report on Friday, April 24th. Zacks Research upgraded VSE from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Truist Financial set a $222.00 price objective on VSE in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $225.00.

VSE Stock Down 1.1%

NASDAQ VSEC traded down $1.97 during mid-day trading on Friday, hitting $169.71. The company's stock had a trading volume of 164,838 shares, compared to its average volume of 643,494. The company's 50 day simple moving average is $199.51 and its 200 day simple moving average is $189.97. VSE has a twelve month low of $112.50 and a twelve month high of $232.61. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 190.01, a PEG ratio of 1.46 and a beta of 1.43.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.28. The firm had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. VSE had a net margin of 1.84% and a return on equity of 7.60%. The business's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. Analysts anticipate that VSE will post 4.57 earnings per share for the current year.

Institutional Investors Weigh In On VSE

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company's stock worth $45,000 after purchasing an additional 153 shares during the last quarter. AQR Capital Management LLC purchased a new stake in VSE in the first quarter worth approximately $247,000. Farther Finance Advisors LLC boosted its stake in VSE by 946.7% in the third quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company's stock worth $313,000 after buying an additional 1,704 shares in the last quarter. Ellevest Inc. purchased a new stake in VSE in the fourth quarter worth approximately $323,000. Finally, SG Americas Securities LLC boosted its stake in VSE by 262.1% in the third quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company's stock worth $693,000 after buying an additional 3,017 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.

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