V2X, Inc. (NYSE:VVX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of V2X, Inc. (NYSE:VVX) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $67.86.

VVX has been the topic of a number of recent analyst reports. BTIG Research began coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. JMP Securities raised their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 price target (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th.

V2X Stock Performance

V2X stock opened at $47.40 on Thursday. The firm has a fifty day simple moving average of $60.14 and a two-hundred day simple moving average of $54.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a twelve month low of $37.04 and a twelve month high of $69.75. The company has a market capitalization of $1.50 billion, a PE ratio of 169.29 and a beta of 0.55.

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

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction dated 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 owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V2X

Several hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its holdings in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the last quarter. US Bancorp DE boosted its stake in V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the last quarter. nVerses Capital LLC purchased a new stake in V2X during the 3rd quarter valued at $95,000. SG Americas Securities LLC bought a new stake in shares of V2X in the 3rd quarter worth $199,000. Finally, Quadrature Capital Ltd purchased a new position in shares of V2X in the third quarter worth $207,000. 95.18% of the stock is owned by 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.