Royal Bank of Canada Forecasts Strong Price Appreciation for VSE (NASDAQ:VSEC) Stock

VSE (NASDAQ:VSEC) had its price target boosted by equities research analysts at Royal Bank of Canada from $120.00 to $125.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 8.91% from the company’s previous close.

VSEC has been the subject of several other research reports. Truist Financial lifted their price target on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted 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, Benchmark reaffirmed a “buy” rating and set a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

VSE Trading Down 1.5 %

Shares of VSEC stock traded down $1.70 during mid-day trading on Thursday, hitting $114.77. 79,132 shares of the company’s stock were exchanged, compared to its average volume of 146,264. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 25.43 and a beta of 1.56. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE has a fifty-two week low of $56.98 and a fifty-two week high of $116.95. The stock has a 50-day simple moving average of $92.15 and a two-hundred day simple moving average of $86.88.

Insider Buying and Selling at VSE

In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the sale, the insider now owns 492,284 shares of the company’s stock, valued at $44,256,331.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VSE

Several hedge funds have recently modified their holdings of VSEC. Russell Investments Group Ltd. raised its stake in shares of VSE by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after purchasing an additional 9,608 shares during the period. Lisanti Capital Growth LLC purchased a new stake in VSE during the 1st quarter worth $3,566,000. Silvercrest Asset Management Group LLC purchased a new stake in VSE during the 1st quarter worth $3,072,000. Capital Research Global Investors acquired a new position in VSE in the 1st quarter worth $81,623,000. Finally, Park Avenue Securities LLC boosted its position in VSE by 13.8% in the 3rd 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. 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.