Truist Financial Has Lowered Expectations for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC) had its target price lowered by equities researchers at Truist Financial from $133.00 to $129.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price suggests a potential upside of 35.48% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Monday, December 9th. Royal Bank of Canada upped 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 increased their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, B. Riley increased their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $117.83.

VSE Price Performance

NASDAQ:VSEC traded up $1.14 during mid-day trading on Tuesday, hitting $95.22. The company’s stock had a trading volume of 18,780 shares, compared to its average volume of 231,843. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 21.21 and a beta of 1.62. The stock has a fifty day moving average of $107.79 and a 200-day moving average of $96.01. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE has a fifty-two week low of $57.10 and a fifty-two week high of $123.92.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 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 business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the business posted $0.92 earnings per share. As a group, equities analysts forecast that VSE will post 2.92 EPS for the current fiscal year.

Institutional Trading of VSE

Several large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its position in shares of VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after acquiring an additional 44,662 shares in the last quarter. Geode Capital Management LLC raised its holdings in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Barclays PLC raised its holdings in VSE by 711.2% during 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 acquiring an additional 20,114 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of 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 acquiring an additional 15,931 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other 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.