V2X (NYSE:VVX) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of V2X (NYSE:VVX) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm issued a sell rating and a $54.00 target price on the stock.

VVX has been the topic of a number of other research reports. Raymond James increased their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. BTIG Research began coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price target on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of V2X in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, V2X presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

V2X Price Performance

Shares of NYSE VVX opened at $55.81 on Thursday. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.76 billion, a PE ratio of 199.33 and a beta of 0.55. The business has a 50-day simple moving average of $61.55 and a two-hundred day simple moving average of $54.24.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 earnings per share 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. V2X’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that V2X will post 4.14 EPS for the current fiscal year.

Insider Transactions at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel now directly owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of V2X by 17.2% during the third quarter. FMR LLC now owns 2,997,474 shares of the company’s stock worth $167,439,000 after acquiring an additional 439,852 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares in the last quarter. Systematic Financial Management LP raised its stake in V2X by 43.5% in the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after buying an additional 121,635 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of V2X by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock worth $15,322,000 after acquiring an additional 4,370 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in V2X in the third quarter valued at approximately $14,659,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

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.