V2X, Inc. (NYSE:VVX) Receives Average Rating of “Buy” from Brokerages

V2X, Inc. (NYSE:VVX) has earned an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $70.60.

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of V2X in a research report on Tuesday, November 5th. Raymond James upped their price target on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th.

Insider Activity

In other news, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy C. Wensinger purchased 6,250 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the purchase, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at $300,000. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock valued at $572,928 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On V2X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in V2X by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after purchasing an additional 87,741 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of V2X by 0.9% in the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after acquiring an additional 5,259 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after acquiring an additional 168,886 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of V2X by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock worth $8,721,000 after acquiring an additional 2,067 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in shares of V2X in the second quarter worth about $6,982,000. Institutional investors own 95.18% of the company’s stock.

V2X Stock Performance

VVX opened at $67.60 on Wednesday. The stock’s 50 day simple moving average is $58.58 and its 200-day simple moving average is $52.42. V2X has a 1 year low of $37.04 and a 1 year high of $69.75. The stock has a market cap of $2.13 billion, a PE ratio of 241.43 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that V2X will post 4.14 EPS for the current year.

About V2X

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.