V2X (NYSE:VVX) Given “Outperform” Rating at Raymond James

V2X (NYSE:VVX)‘s stock had its “outperform” rating reiterated by research analysts at Raymond James in a note issued to investors on Thursday, Marketbeat reports. They presently have a $65.00 target price on the stock, down from their prior target price of $72.00. Raymond James’ price objective would indicate a potential upside of 35.90% from the company’s current price.

A number of other equities analysts have also weighed in on VVX. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research note on Thursday, December 19th. The Goldman Sachs Group initiated coverage on shares of V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price objective for the company. Robert W. Baird initiated coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. BTIG Research initiated coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Finally, Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.86.

V2X Trading Down 0.8 %

VVX stock opened at $47.83 on Thursday. V2X has a one year low of $37.04 and a one year high of $69.75. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 170.83 and a beta of 0.55. The company has a fifty day moving average price of $58.27 and a two-hundred day moving average price of $54.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Equities analysts anticipate that V2X will post 4.14 EPS for the current year.

Insider Buying and Selling at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC increased its position in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE grew its stake in shares of V2X by 81.0% during the third 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 last quarter. nVerses Capital LLC acquired a new position in shares of V2X during the third quarter worth $95,000. SG Americas Securities LLC bought a new position in shares of V2X in the 3rd quarter valued at $199,000. Finally, Quadrature Capital Ltd bought a new position in shares of V2X in the 3rd quarter valued at $207,000. Institutional investors own 95.18% of the company’s stock.

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.