V2X (NYSE:VVX) Coverage Initiated at Citigroup

Equities research analysts at Citigroup assumed coverage on shares of V2X (NYSE:VVX) in a report released on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $64.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 18.77% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 target price (down previously from $70.00) on shares of V2X in a report on Thursday, December 19th. Raymond James restated an “outperform” rating and issued a $65.00 target price (down previously from $72.00) on shares of V2X in a report on Thursday, January 2nd. 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 for the company. JMP Securities reissued a “market outperform” rating and set a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Finally, BTIG Research initiated coverage on V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

V2X Trading Down 2.3 %

VVX opened at $53.88 on Tuesday. The company has a fifty day moving average price of $53.99 and a two-hundred day moving average price of $54.74. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.70 billion, a P/E ratio of 192.45, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

V2X (NYSE:VVX) last issued its earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. V2X’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Analysts predict that V2X will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This trade 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 is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its position in shares of V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of V2X during the 3rd quarter valued at $95,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in V2X by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after purchasing an additional 814 shares in the last quarter. SG Americas Securities LLC bought a new position in V2X in the 3rd quarter worth about $199,000. Finally, Quadrature Capital Ltd purchased a new position in V2X during the 3rd quarter valued at about $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.