Analysts Set V2X, Inc. (NYSE:VVX) Target Price at $62.20

V2X, Inc. (NYSE:VVX) has been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $62.20.

Several equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $55.00 target price on shares of V2X in a research report on Wednesday, August 7th. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday. Finally, Robert W. Baird initiated coverage on V2X in a research note on Friday. They issued an “outperform” rating and a $75.00 target price for the company.

V2X Stock Performance

Shares of VVX opened at $65.14 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -501.08 and a beta of 0.60. The stock has a 50 day moving average of $53.30 and a 200 day moving average of $49.91. V2X has a 12 month low of $37.04 and a 12 month high of $65.59.

V2X (NYSE:VVX) last issued its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. As a group, sell-side analysts forecast that V2X will post 4.11 earnings per share for the current year.

Insider Buying and Selling at V2X

In other news, Director Eric M. Pillmore bought 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO William Boyd Noon purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the purchase, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at approximately $524,688. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now directly owns 41,516 shares in the company, valued at $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 11,936 shares of company stock valued at $572,928 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC boosted its stake in V2X by 112.3% during 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 839 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in V2X during the 1st quarter valued at $142,000. SG Americas Securities LLC purchased a new stake in V2X during the 3rd quarter valued at $199,000. Finally, Hsbc Holdings PLC bought a new position in shares of V2X during the 2nd quarter valued at $212,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.