VSE Corporation Announces Public Offering of Common Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
0mins
Source: Newsfilter
Public Offering Announcement: VSE Corporation has initiated an underwritten public offering of its common stock to finance part of its acquisition of Kellstrom Aerospace Group, with a 30-day option for underwriters to purchase additional shares.
Forward-Looking Statements Warning: The press release includes forward-looking statements regarding the company's financial expectations and potential risks that could affect future performance, emphasizing uncertainties in market conditions and operational challenges.
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Analyst Views on VSEC
Wall Street analysts forecast VSEC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VSEC is 206.50 USD with a low forecast of 195.00 USD and a high forecast of 222.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 217.640
Low
195.00
Averages
206.50
High
222.00
Current: 217.640
Low
195.00
Averages
206.50
High
222.00
About VSEC
VSE Corporation is a provider of aviation distribution and repair services for the commercial and business and general aviation (BG&A) aftermarkets. The Company's aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators. The Company is an authorized distributor of OEM turbine engine parts, avionics, actuation, airframe components and tires. It specializes in repairing high-flow/high-temp pneumatics, fuel accessories, electrical accessories, avionics, engine components, engine and airframe accessories, interiors, cargo systems, and wheels and brakes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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