VSE Corporation (NASDAQ:VSEC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of VSE Corporation (NASDAQ:VSECGet Free Report) have been given a consensus rating of “Buy” by the twelve research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $239.7778.

Several research firms have weighed in on VSEC. Truist Financial upgraded VSE to a “strong-buy” rating in a report on Friday, May 1st. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their price target on VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $268.00 price objective on shares of VSE in a research report on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of VSE in a research note on Wednesday, July 1st.

Read Our Latest Stock Analysis on VSE

VSE Trading Up 4.5%

Shares of NASDAQ VSEC opened at $225.45 on Friday. The company’s fifty day moving average is $204.14 and its 200-day moving average is $199.84. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.41 and a beta of 1.23. VSE has a twelve month low of $152.47 and a twelve month high of $240.56. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12.

VSE (NASDAQ:VSECGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 7.93%. The firm’s quarterly revenue was up 65.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Equities research analysts predict that VSE will post 4.3 EPS for the current year.

Insiders Place Their Bets

In other news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the transaction, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On VSE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC acquired a new position in VSE in the 2nd quarter worth $300,000. Chase Investment Counsel Corp acquired a new stake in shares of VSE in the 2nd quarter valued at about $4,527,000. Global Retirement Partners LLC bought a new stake in shares of VSE in the second quarter valued at about $51,000. Bank of New York Mellon Corp bought a new stake in shares of VSE in the second quarter valued at about $44,103,000. Finally, State of Wyoming acquired a new position in shares of VSE during the second quarter worth about $197,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About VSE

(Get Free Report)

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.

Further Reading

Analyst Recommendations for VSE (NASDAQ:VSEC)

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