V2X (NYSE:VVX) Now Covered by BTIG Research

Stock analysts at BTIG Research assumed coverage on shares of V2X (NYSE:VVX) in a report released on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $80.00 price target on the stock. BTIG Research’s target price points to a potential upside of 31.82% from the company’s previous close.

Several other equities research analysts have also issued reports on VVX. Raymond James upped their price target on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Robert W. Baird started coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of V2X in a research note on Tuesday, November 5th. Finally, JMP Securities lifted their target price on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $72.17.

V2X Stock Performance

V2X stock opened at $60.69 on Monday. V2X has a 52 week low of $37.04 and a 52 week high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.92 billion, a P/E ratio of 216.76 and a beta of 0.57. The stock has a 50 day moving average of $60.23 and a 200-day moving average of $52.95.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The firm had revenue of $1.08 billion for 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%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. On average, analysts expect that V2X will post 4.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares of the company’s stock, valued at $653,246.62. This represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,936 shares of company stock worth $572,928. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake in V2X by 119.8% during the 3rd quarter. Barclays PLC now owns 27,727 shares of the company’s stock valued at $1,550,000 after buying an additional 15,110 shares during the period. Geode Capital Management LLC boosted its holdings in shares of V2X by 1.6% in the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after acquiring an additional 4,370 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of V2X during the third quarter valued at approximately $706,000. Orion Portfolio Solutions LLC bought a new stake in V2X during the third quarter worth approximately $990,000. Finally, XTX Topco Ltd acquired a new stake in V2X in the third quarter worth approximately $555,000. 95.18% of the stock is currently owned by institutional investors.

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.