V2X (NYSE:VVX) Now Covered by Citigroup

Citigroup initiated coverage on shares of V2X (NYSE:VVX) in a report released on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $64.00 target price on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $58.00 price objective (down previously from $70.00) on shares of V2X in a research note on Thursday, December 19th. Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Raymond James reiterated an “outperform” rating and set a $65.00 target price (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

V2X Stock Performance

Shares of VVX stock opened at $55.12 on Tuesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 196.85, a PEG ratio of 0.59 and a beta of 0.59. 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 has a 52 week low of $37.04 and a 52 week high of $69.75. The company has a 50-day simple moving average of $54.12 and a 200 day simple moving average of $54.74.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that V2X will post 4.16 earnings per share for the current year.

Insider Transactions at V2X

In other news, 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 transaction of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Several hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after purchasing an additional 814 shares during the last quarter. SG Americas Securities LLC raised its holdings in V2X by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 6,946 shares of the company’s stock valued at $332,000 after buying an additional 3,382 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in V2X by 38.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 22,395 shares of the company’s stock worth $1,071,000 after buying an additional 6,212 shares during the period. Assenagon Asset Management S.A. grew its holdings in V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after acquiring an additional 210,814 shares during the last quarter. Finally, MRA Advisory Group acquired a new position in V2X in the 4th quarter valued at approximately $323,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

About V2X

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.