Citigroup Begins Coverage on VSE (NASDAQ:VSEC)

Research analysts at Citigroup began coverage on shares of VSE (NASDAQ:VSEC) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $215.00 price target on the construction company’s stock. Citigroup’s target price would suggest a potential upside of 26.42% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on VSE in a report on Friday, October 17th. They issued a “buy” rating and a $195.00 price objective on the stock. Royal Bank Of Canada upped their price objective on VSE from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Truist Financial reiterated a “buy” rating and issued a $201.00 price objective (up previously from $177.00) on shares of VSE in a research report on Wednesday, October 29th. B. Riley boosted their target price on shares of VSE from $185.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Monday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.71.

VSE Stock Down 2.3%

Shares of VSEC opened at $170.07 on Thursday. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $3.92 billion, a PE ratio of 250.11, a price-to-earnings-growth ratio of 2.47 and a beta of 1.38. The stock has a fifty day simple moving average of $170.84 and a two-hundred day simple moving average of $155.72. VSE has a 52-week low of $88.69 and a 52-week high of $186.00.

VSE (NASDAQ:VSEC) last released its earnings results on Monday, October 27th. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a net margin of 1.23% and a return on equity of 7.64%. The company had revenue of $282.91 million during the quarter, compared to analysts’ expectations of $276.48 million. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. As a group, equities analysts forecast that VSE will post 2.96 EPS for the current year.

Institutional Investors Weigh In On VSE

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in VSE during the second quarter worth about $28,000. Cetera Investment Advisers acquired a new position in shares of VSE during the 1st quarter worth approximately $202,000. Farther Finance Advisors LLC raised its position in shares of VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after purchasing an additional 1,704 shares during the last quarter. AQR Capital Management LLC purchased a new stake in VSE in the 1st quarter valued at approximately $247,000. Finally, HighTower Advisors LLC acquired a new stake in VSE during the 1st quarter valued at $268,000. 91.54% of the stock is owned by institutional investors and hedge funds.

About VSE

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.