V2X (NYSE:VVX) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of V2X (NYSE:VVX) in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has a $58.00 price objective on the stock, down from their previous price objective of $70.00.

A number of other brokerages have also recently weighed in on VVX. JMP Securities lifted their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. Raymond James boosted their price target 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. The Goldman Sachs Group assumed coverage on shares of V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price objective for the company. Robert W. Baird began coverage on shares of 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 shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

V2X Stock Down 0.1 %

Shares of VVX opened at $49.01 on Thursday. 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 firm has a market cap of $1.55 billion, a P/E ratio of 175.04 and a beta of 0.55. The company’s 50-day moving average price is $60.79 and its 200 day moving average price is $54.45. V2X has a 12-month low of $37.04 and a 12-month high of $69.75.

V2X (NYSE:VVX) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that V2X will post 4.14 earnings per share for the current year.

Insider Buying and Selling

In related 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 stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the sale, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Wealth Group LLC purchased a new position in V2X in the 2nd quarter valued at $371,000. Bank of New York Mellon Corp increased its stake in shares of V2X by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 67,090 shares of the company’s stock worth $3,218,000 after acquiring an additional 5,498 shares during the period. Peregrine Capital Management LLC purchased a new position in V2X during the second quarter worth about $6,982,000. Rhumbline Advisers lifted its position in V2X by 4.3% in the second quarter. Rhumbline Advisers now owns 20,991 shares of the company’s stock valued at $1,007,000 after purchasing an additional 863 shares during the period. Finally, Quest Partners LLC boosted its holdings in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.