Brokerages Set V2X, Inc. (NYSE:VVX) Target Price at $70.60

Shares of V2X, Inc. (NYSE:VVX) have earned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $70.60.

A number of analysts have recently commented on VVX shares. Robert W. Baird began coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. JMP Securities boosted their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th. Raymond James upped their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of V2X in a research note on Tuesday.

V2X Trading Down 0.1 %

VVX opened at $66.52 on Wednesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 237.58 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. V2X has a 12 month low of $37.04 and a 12 month high of $69.27. The firm’s fifty day simple moving average is $58.08 and its 200 day simple moving average is $52.14.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The company 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 company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, research analysts anticipate that V2X will post 4.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other V2X news, Director Eric M. Pillmore bought 3,125 shares of the firm’s stock in a transaction that occurred on 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 owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now owns 41,516 shares in the company, valued at approximately $1,992,768. This represents 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 hyperlink. Also, CFO Shawn Mural purchased 937 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the acquisition, the chief financial officer now owns 1,437 shares in the company, valued at approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,936 shares of company stock valued at $572,928 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V2X

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC grew its position in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares in the last quarter. US Bancorp DE lifted its position in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 839 shares in the last quarter. nVerses Capital LLC bought a new position in shares of V2X in the third quarter worth $95,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in V2X in the first quarter valued at about $142,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.