V2X’s (VVX) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of V2X (NYSE:VVX) in a research note published on Thursday, MarketBeat Ratings reports. Royal Bank of Canada currently has a $58.00 price objective on the stock, down from their prior price objective of $70.00.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group began coverage on V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price on the stock. BTIG Research assumed coverage on shares of V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target on the stock. Raymond James boosted their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Baird R W raised V2X to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.86.

V2X Stock Down 0.1 %

NYSE:VVX opened at $49.01 on Thursday. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day moving average price is $60.79 and its 200-day moving average price is $54.45. The company has a market capitalization of $1.55 billion, a PE ratio of 175.04 and a beta of 0.55.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that V2X will post 4.14 EPS for the current fiscal year.

Insider Activity at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently bought and sold shares of the company. Systematic Financial Management LP lifted its holdings in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after buying an additional 168,886 shares during the period. Sei Investments Co. lifted its stake in shares of V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after purchasing an additional 52,197 shares during the last quarter. Factorial Partners LLC boosted its position in V2X by 28.6% during the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock valued at $2,590,000 after purchasing an additional 12,000 shares in the last quarter. Prospector Partners LLC grew its stake in V2X by 15.3% in the third quarter. Prospector Partners LLC now owns 105,310 shares of the company’s stock valued at $5,883,000 after purchasing an additional 13,980 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in V2X in the third quarter worth about $625,000. 95.18% of the stock is owned by institutional investors.

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.