V2X, Inc. (NYSE:VVX) Receives $67.86 Consensus Target Price from Analysts

V2X, Inc. (NYSE:VVX) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $67.86.

Several research firms have recently commented on VVX. 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 target for the company. Raymond James boosted their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. JMP Securities boosted their price target on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th.

V2X Price Performance

VVX opened at $46.98 on Thursday. The business has a fifty day moving average of $59.15 and a 200 day moving average of $54.42. The stock has a market cap of $1.48 billion, a P/E ratio of 167.79 and a beta of 0.55. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 52-week low of $37.04 and a 52-week high of $69.75.

V2X (NYSE:VVX) last announced its quarterly earnings data 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. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. As a group, sell-side analysts anticipate that V2X will post 4.14 EPS for the current year.

Insider Buying and Selling

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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently made changes to their positions in VVX. FMR LLC grew its position in shares of V2X by 17.2% in the third 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 during the period. Dimensional Fund Advisors LP boosted its holdings in V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after buying an additional 87,741 shares during the last quarter. Systematic Financial Management LP boosted its holdings in V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock worth $22,407,000 after buying an additional 121,635 shares during the last quarter. JPMorgan Chase & Co. increased its stake in V2X by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock worth $19,037,000 after buying an additional 29,869 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of V2X by 1.6% during the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after acquiring an additional 4,370 shares during the last quarter. 95.18% of the stock is currently owned by hedge funds and other 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.