V2X, Inc. (NYSE:VVX) Receives $72.17 Consensus PT from Brokerages

Shares of V2X, Inc. (NYSE:VVX) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $72.17.

Several equities research analysts have recently issued reports on the company. JMP Securities lifted their price target on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. BTIG Research began coverage on V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Raymond James boosted their price target on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of V2X in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other V2X news, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This represents a 8.14 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeremy C. Wensinger bought 6,250 shares of the 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 $300,000.00. Following the purchase, the chief executive officer now owns 6,250 shares of the company’s stock, valued at $300,000. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders acquired 11,936 shares of company stock worth $572,928 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional 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 worth $167,439,000 after acquiring an additional 439,852 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $31,741,000 after acquiring an additional 87,741 shares in the last quarter. Vanguard Group Inc. increased its position in V2X by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after buying an additional 5,259 shares in the last quarter. Systematic Financial Management LP increased its position in 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 buying an additional 121,635 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in V2X by 1.6% in the 3rd 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 in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Trading Up 0.8 %

Shares of VVX stock opened at $60.07 on Friday. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The stock has a market capitalization of $1.90 billion, a P/E ratio of 214.54 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. The stock has a 50-day simple moving average of $61.17 and a 200 day simple moving average of $53.58.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. On average, sell-side analysts expect that V2X will post 4.14 earnings per share for the current fiscal year.

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.