V2X (NYSE:VVX) Stock Price Expected to Rise, Raymond James Analyst Says

V2X (NYSE:VVX) had its price objective lifted by analysts at Raymond James from $60.00 to $72.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price indicates a potential upside of 4.62% from the company’s previous close.

VVX has been the subject of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of V2X in a research report on Tuesday. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $70.60.

V2X Stock Performance

Shares of VVX stock opened at $68.82 on Tuesday. V2X has a 12-month low of $37.04 and a 12-month high of $69.27. The business’s fifty day simple moving average is $57.67 and its 200-day simple moving average is $51.91. 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 cap of $2.15 billion, a PE ratio of 245.79 and a beta of 0.57.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a return on equity of 13.52% and a net margin of 0.22%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that V2X will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On V2X

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after purchasing an additional 87,741 shares in the last quarter. Vanguard Group Inc. boosted its holdings in V2X by 0.9% during the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after buying an additional 5,259 shares in the last quarter. Systematic Financial Management LP grew its position in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after buying an additional 168,886 shares during the period. First Eagle Investment Management LLC raised its position in shares of V2X by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock worth $8,721,000 after acquiring an additional 2,067 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in shares of V2X in the second quarter worth about $6,982,000. 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.