V2X (NYSE:VVX) Research Coverage Started at BTIG Research

BTIG Research initiated coverage on shares of V2X (NYSE:VVX) in a report released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $80.00 price target on the stock.

A number of other equities analysts have also recently commented on VVX. Raymond James lifted their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of V2X in a research note on Tuesday, November 5th. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. JMP Securities raised their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird assumed coverage on V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, V2X currently has an average rating of “Buy” and an average price target of $72.17.

V2X Stock Up 0.2 %

Shares of VVX stock opened at $60.31 on Monday. V2X has a 52-week low of $37.04 and a 52-week high of $69.75. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 215.40 and a beta of 0.57. The firm’s 50-day moving average is $60.57 and its 200-day moving average is $53.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts predict that V2X will post 4.14 EPS for the current year.

Insider Buying and Selling at V2X

In related news, CEO Jeremy C. Wensinger acquired 6,250 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at approximately $300,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jeremy John Nance sold 2,500 shares of the company’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 of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 11,936 shares of company stock valued at $572,928 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

A number of large investors have recently bought and sold shares of VVX. FMR LLC raised its position 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 buying an additional 439,852 shares in the last quarter. Zimmer Partners LP acquired a new position in V2X during the third quarter valued at approximately $14,659,000. Simcoe Capital Management LLC acquired a new position in V2X during the third quarter valued at approximately $11,604,000. Systematic Financial Management LP lifted its stake 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 purchasing an additional 168,886 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of V2X in the 2nd quarter valued at $6,982,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.