V2X’s (VVX) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of V2X (NYSE:VVX) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $80.00 price objective on the stock.

A number of other analysts have also recently weighed in on VVX. Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 target price (down from $70.00) on shares of V2X in a report on Thursday, December 19th. Robert W. Baird assumed coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price objective on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Finally, BTIG Research assumed coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, V2X currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.86.

V2X Trading Up 2.3 %

NYSE VVX opened at $52.89 on Friday. V2X has a 12 month low of $37.04 and a 12 month 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 188.91 and a beta of 0.59. The company’s fifty day moving average price is $54.69 and its two-hundred day moving average price is $54.66.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. 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 prior year, the firm posted $0.73 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s 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 sale, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after purchasing an additional 439,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of V2X by 15.3% in 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. Systematic Financial Management LP boosted its stake in shares of V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after purchasing an additional 121,635 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of V2X by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock valued at $19,037,000 after buying an additional 29,869 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of V2X by 1.6% in the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after buying an additional 4,370 shares during the last quarter. Institutional investors and hedge funds 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.