V2X, Inc. (NYSE:VVX) Receives $67.86 Consensus Target Price from Analysts

V2X, Inc. (NYSE:VVX) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $67.86.

Several analysts have recently weighed in on VVX shares. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 price objective (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. JMP Securities increased their price target on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. Raymond James increased their target price on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of V2X by 17.2% in the third quarter. FMR LLC now owns 2,997,474 shares of the company’s stock worth $167,439,000 after buying an additional 439,852 shares during the period. Zimmer Partners LP acquired a new position in V2X during the 3rd quarter worth approximately $14,659,000. Simcoe Capital Management LLC acquired a new stake in V2X in the third quarter valued at approximately $11,604,000. Systematic Financial Management LP grew its position in V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after acquiring an additional 168,886 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of V2X during the second quarter valued at approximately $6,982,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Stock Performance

Shares of VVX stock opened at $47.83 on Thursday. The company has a market cap of $1.51 billion, a P/E ratio of 170.83 and a beta of 0.55. The firm has a fifty day moving average price of $58.27 and a 200 day moving average price of $54.52. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 12 month low of $37.04 and a 12 month high of $69.75.

V2X (NYSE:VVX) last released 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS. Sell-side analysts predict that V2X will post 4.14 earnings per share for the current fiscal year.

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.