Royal Bank of Canada Reaffirms “Outperform” Rating for V2X (NYSE:VVX)

V2X (NYSE:VVX)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research note issued on Tuesday, Benzinga reports. They presently have a $70.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 1.71% from the company’s current price.

A number of other research firms have also recently commented on VVX. Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. Robert W. Baird began coverage on V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, V2X presently has an average rating of “Buy” and a consensus price target of $70.60.

V2X Price Performance

Shares of NYSE VVX opened at $68.82 on Tuesday. The stock’s 50-day simple moving average is $57.67 and its two-hundred day simple moving average is $51.91. V2X has a twelve month low of $37.04 and a twelve month high of $69.27. The firm has a market capitalization of $2.15 billion, a P/E ratio of 245.79 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share 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 13.52%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.73 earnings per share. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that V2X will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In related news, CAO William Boyd Noon acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief accounting officer now owns 10,931 shares in the company, valued at approximately $524,688. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, CAO William Boyd Noon acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric M. Pillmore bought 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 11,936 shares of company stock worth $572,928 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

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

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.