V2X (NYSE:VVX) Receives Outperform Rating from Raymond James

Raymond James reissued their outperform rating on shares of V2X (NYSE:VVX) in a report issued on Thursday morning, Marketbeat Ratings reports. Raymond James currently has a $65.00 target price on the stock, down from their previous target price of $72.00.

A number of other equities research analysts also recently issued reports on VVX. Royal Bank of Canada reiterated 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. The Goldman Sachs Group started coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price target on the stock. JMP Securities upped their price target on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. BTIG Research initiated coverage on shares of V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, V2X has an average rating of “Moderate Buy” and an average target price of $66.86.

V2X Stock Down 0.5 %

V2X stock opened at $47.59 on Thursday. The company has a market cap of $1.50 billion, a P/E ratio of 169.97 and a beta of 0.55. The company has a fifty day simple moving average of $57.98 and a 200 day simple moving average of $54.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 1-year low of $37.04 and a 1-year high of $69.75.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. Research analysts anticipate that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Activity at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction that occurred on Thursday, November 21st. The stock was 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 in the company, valued at approximately $653,246.62. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On V2X

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in V2X by 17.2% during 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of V2X by 15.3% in 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 during the last quarter. Systematic Financial Management LP lifted its holdings in shares of V2X by 43.5% during the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after purchasing an additional 121,635 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of V2X by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock valued at $19,037,000 after buying an additional 29,869 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in V2X by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock worth $15,322,000 after buying an additional 4,370 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

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.