Raymond James Reaffirms “Outperform” Rating for V2X (NYSE:VVX)

Raymond James reiterated their outperform rating on shares of V2X (NYSE:VVX) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a $65.00 price target on the stock, down from their previous price target of $72.00.

VVX has been the subject of a number of other research reports. JMP Securities increased their target price on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. BTIG Research began coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 price objective (down previously from $70.00) on shares of V2X in a report on Thursday, December 19th. Finally, The Goldman Sachs Group began coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.86.

V2X Trading Up 1.3 %

V2X stock opened at $48.20 on Thursday. V2X has a 52-week low of $37.04 and a 52-week high of $69.75. 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 firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 172.15 and a beta of 0.55. The firm has a 50-day moving average price of $57.70 and a two-hundred day moving average price of $54.54.

V2X (NYSE:VVX) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts expect that V2X will post 4.14 earnings per share for the current year.

Insider Buying and Selling at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Large investors have recently made changes to their positions in the business. Quest Partners LLC grew its position in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE grew its holdings in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of V2X during the third quarter worth $95,000. SG Americas Securities LLC acquired a new stake in V2X during the third quarter valued at $199,000. Finally, Quadrature Capital Ltd purchased a new position in V2X in the third quarter valued at about $207,000. 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.