Analysts Set V2X, Inc. (NYSE:VVX) PT at $66.86

Shares of V2X, Inc. (NYSE:VVX) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.50.

Several brokerages have recently issued reports on VVX. BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 price objective (down from $70.00) on shares of V2X in a research note on Thursday, December 19th. Citigroup began coverage on shares of V2X in a research note on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective for the company. Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. The trade was a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On V2X

A number of institutional investors have recently modified their holdings of VVX. FMR LLC raised its stake in shares of V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after purchasing an additional 439,852 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of V2X during the 3rd quarter valued at about $14,659,000. Assenagon Asset Management S.A. grew its position in shares of V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock valued at $11,077,000 after buying an additional 210,814 shares during the last quarter. Simcoe Capital Management LLC bought a new stake in shares of V2X during the 3rd quarter valued at about $11,604,000. Finally, Systematic Financial Management LP grew its position in shares of V2X by 152.7% during the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after buying an additional 168,886 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Stock Down 1.1 %

VVX stock opened at $53.08 on Monday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 189.59, a PEG ratio of 0.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. V2X has a one year low of $37.04 and a one year high of $69.75. The company has a 50 day moving average price of $53.80 and a two-hundred day moving average price of $54.86.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.73 EPS. V2X’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that V2X will post 4.16 EPS for the current year.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.