V2X, Inc. (NYSE:VVX) Receives Average Recommendation of “Buy” from Analysts

Shares of V2X, Inc. (NYSE:VVX) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $72.17.

VVX has been the subject of a number of research analyst reports. Baird R W upgraded 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 target price on shares of V2X in a research note on Tuesday, November 5th. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target on the stock. BTIG Research assumed coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Finally, JMP Securities raised their target price on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at V2X

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 8.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the sale, the general counsel now 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 disclosure for this sale can be found here. Insiders bought 11,936 shares of company stock valued at $572,928 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC increased its position in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares during the period. Assenagon Asset Management S.A. boosted its stake in V2X by 1.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after buying an additional 394 shares in the last quarter. US Bancorp DE grew its holdings in 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 acquiring an additional 460 shares during the period. Lakewood Asset Management LLC raised its position in V2X by 8.1% in the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after acquiring an additional 462 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock valued at $347,000 after acquiring an additional 468 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

V2X Trading Down 0.1 %

NYSE VVX opened at $60.25 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 215.19 and a beta of 0.57. 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 has a 12 month low of $37.04 and a 12 month high of $69.75. The company’s fifty day moving average price is $60.98 and its two-hundred day moving average price is $53.30.

V2X (NYSE:VVX) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, research analysts predict that V2X will post 4.14 earnings per share for the current fiscal year.

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.