VSE Corporation (VSEC) Likely to Benefit from Substantial Increase in Biz Jet Growth - Canaccord Genuity

September 17, 2021 8:27 AM EDT
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Price: $48.02 -0.27%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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Canaccord Genuity analyst Austin Moeller reiterated a Buy rating and $60.00 price target on VSE Corporation (NASDAQ: VSEC) after global business jets logged 10,978 flights in the last seven days, representing a 33.2% y/y increase.

The analyst stated "More interestingly the 7-day average was also 17.2% better than the same period in 2019. The same trend holds when looking at data for the United States, which is the largest business jet market in the world. In the last seven days, the US recorded 6,588 private flights, a 33.4% improvement over 2020 and a 13.4% improvement from 2019. It is apparent that there have been some structural changes in the global aviation market, with many executives and high-net worth individuals eschewing first class flights on commercial airlines in favor of business jets as a result of the COVID-19 pandemic."

For an analyst ratings summary and ratings history on VSE Corporation click here. For more ratings news on VSE Corporation click here.

Shares of VSE Corporation closed at $46.27 yesterday.

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