V2X (NYSE:VVX) Given New $80.00 Price Target at JMP Securities

V2X (NYSE:VVX) had its price objective hoisted by JMP Securities from $65.00 to $80.00 in a report published on Tuesday, Benzinga reports. They currently have a market outperform rating on the stock.

Several other brokerages also recently commented on VVX. Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. Baird R W upgraded V2X to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of V2X in a research report on Tuesday. Finally, Raymond James boosted their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, V2X presently has an average rating of “Buy” and a consensus target price of $70.60.

V2X Price Performance

Shares of V2X stock opened at $62.68 on Tuesday. The stock’s 50-day simple moving average is $57.42 and its 200-day simple moving average is $51.79. V2X has a 52 week low of $37.04 and a 52 week high of $66.00. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 223.87 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a return on equity of 13.52% and a net margin of 0.22%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that V2X will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related news, CFO Shawn Mural acquired 937 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $68,976. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other V2X news, CFO Shawn Mural bought 937 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $44,976.00. Following the completion of the purchase, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. This represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,936 shares of company stock worth $572,928 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quest Partners LLC grew its stake in shares of 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 buying an additional 356 shares during the last quarter. US Bancorp DE grew its stake in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 839 shares in the last quarter. nVerses Capital LLC bought a new position in V2X in the third quarter worth approximately $95,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in V2X in the first quarter worth approximately $142,000. 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.