The Goldman Sachs Group Initiates Coverage on V2X (NYSE:VVX)

The Goldman Sachs Group initiated coverage on shares of V2X (NYSE:VVX) in a report issued on Thursday, MarketBeat reports. The firm set a “sell” rating and a $54.00 price target on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 3.24% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of V2X in a report on Tuesday, November 5th. Raymond James lifted their price target on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Finally, JMP Securities increased their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

V2X Stock Performance

NYSE:VVX opened at $55.81 on Thursday. V2X has a 52 week low of $37.04 and a 52 week high of $69.75. The company has a fifty day simple moving average of $61.55 and a two-hundred day simple moving average of $54.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 199.33 and a beta of 0.55.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion during 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities analysts anticipate that V2X will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently made changes to their positions in VVX. Quest Partners LLC lifted its position in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the period. Assenagon Asset Management S.A. grew its position in V2X by 1.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after buying an additional 394 shares during the last quarter. US Bancorp DE increased its stake in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after buying an additional 460 shares during the period. Lakewood Asset Management LLC raised its position in V2X by 8.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after buying an additional 462 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.