V2X (NYSE:VVX) Coverage Initiated by Analysts at Citigroup

Citigroup initiated coverage on shares of V2X (NYSE:VVX) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $64.00 target price on the stock.

Several other analysts have also recently weighed in on VVX. BTIG Research initiated coverage on V2X in a report on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 price target (down from $70.00) on shares of V2X in a research note on Thursday, December 19th. The Goldman Sachs Group began coverage on shares of V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price objective on the stock. Raymond James reiterated an “outperform” rating and set a $65.00 target price (down previously from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Finally, Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

V2X Price Performance

VVX opened at $55.12 on Tuesday. 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’s 50 day simple moving average is $54.12 and its 200-day simple moving average is $54.74. V2X has a one year low of $37.04 and a one year high of $69.75. The stock has a market capitalization of $1.74 billion, a P/E ratio of 196.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

V2X (NYSE:VVX) last announced 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. The firm 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 business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Sell-side analysts anticipate that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related 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 transaction of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at $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 available at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of V2X by 119.8% in the third quarter. Barclays PLC now owns 27,727 shares of the company’s stock valued at $1,550,000 after purchasing an additional 15,110 shares during the last quarter. Intech Investment Management LLC acquired a new stake in V2X in the 3rd quarter valued at $284,000. Systematic Financial Management LP lifted its position in V2X by 152.7% during the 2nd 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after buying an additional 210,814 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after acquiring an additional 52,197 shares in the last quarter. 95.18% of the stock is currently 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.