Truist Financial Lowers VSE (NASDAQ:VSEC) Price Target to $129.00

VSE (NASDAQ:VSEC) had its price target decreased by research analysts at Truist Financial from $133.00 to $129.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 28.42% from the company’s previous close.

A number of other brokerages have also weighed in on VSEC. Royal Bank of Canada boosted their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group lifted 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. B. Riley increased their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.83.

VSE Trading Up 4.7 %

Shares of VSEC opened at $100.45 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE has a 1-year low of $57.10 and a 1-year high of $123.92. The company has a market capitalization of $2.05 billion, a P/E ratio of 22.37 and a beta of 1.62. The firm’s 50 day simple moving average is $107.26 and its 200 day simple moving average is $96.09.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period in the previous year, the firm posted $0.92 EPS. Sell-side analysts forecast that VSE will post 2.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VSE

A number of institutional investors have recently bought and sold shares of VSEC. Lord Abbett & CO. LLC boosted its position in VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock valued at $18,544,000 after acquiring an additional 44,662 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after purchasing an additional 42,637 shares in the last quarter. Barclays PLC grew its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after purchasing an additional 35,744 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after purchasing an additional 20,114 shares in the last quarter. Finally, State Street Corp raised its holdings in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after purchasing an additional 15,931 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Company Profile

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.