VSE (NASDAQ:VSEC) Price Target Lowered to $230.00 at Citigroup

Key Points

• Citigroup lowered its price target on VSE from $261 to $230 but kept a "buy" rating, implying about a 22.8% upside from the prior close.
• Analyst consensus is a Moderate Buy (eight buys, one hold) with an average target of $229.29, broadly aligned with Citigroup's revised target.
• VSE beat quarterly estimates (EPS $1.16 vs. $0.88) and reported revenue up 32.4% YoY, yet the stock traded down to $187.36, below its 50-day average, while institutional investors hold about 91.5% of shares.

VSE (NASDAQ:VSEC - Get Free Report) had its price target lowered by Citigroup from $261.00 to $230.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's price target indicates a potential upside of 22.76% from the stock's previous close.

A number of other analysts also recently issued reports on the stock. William Blair restated an "outperform" rating on shares of VSE in a report on Thursday, March 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of VSE in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of VSE from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Truist Financial set a $222.00 price target on shares of VSE in a research note on Friday, January 9th. Finally, B. Riley Financial lifted their price target on shares of VSE from $208.00 to $258.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $229.29.

VSE Stock Performance

VSE stock traded down $4.50 during mid-day trading on Thursday, reaching $187.36. 139,990 shares of the company's stock were exchanged, compared to its average volume of 684,645. The business's fifty day simple moving average is $203.19 and its 200 day simple moving average is $185.27. The company has a quick ratio of 1.43, a current ratio of 3.76 and a debt-to-equity ratio of 0.20. VSE has a one year low of $100.53 and a one year high of $231.60. The firm has a market capitalization of $5.26 billion, a PE ratio of 210.29, a P/E/G ratio of 1.69 and a beta of 1.43.

VSE (NASDAQ:VSEC - Get Free Report) last announced 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. The firm had revenue of $301.18 million during the quarter, compared to the consensus estimate of $289.55 million. VSE had a return on equity of 7.60% and a net margin of 1.84%.The business's revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts expect that VSE will post 2.96 earnings per share for the current year.

Hedge Funds Weigh In On VSE

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund grew its stake 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 valued at $41,131,000 after buying an additional 58,805 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company's stock worth $10,304,000 after acquiring an additional 55,474 shares during the period. Fred Alger Management LLC boosted its holdings in shares of VSE by 26.2% in the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company's stock worth $65,582,000 after acquiring an additional 81,788 shares during the period. Rhumbline Advisers grew its position in shares of VSE by 29.8% in the second 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. Finally, Argent Capital Management LLC bought a new stake in shares of VSE during the 3rd quarter valued at $887,000. Hedge funds and other 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.

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