V2X (NYSE:VVX) Coverage Initiated by Analysts at Citigroup

Equities researchers at Citigroup started coverage on shares of V2X (NYSE:VVX) in a note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $64.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 21.00% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Raymond James restated an “outperform” rating and set a $65.00 price objective (down previously from $72.00) on shares of V2X in a research report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of V2X in a report on Friday. BTIG Research assumed coverage on V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Robert W. Baird assumed 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

V2X Trading Up 2.3 %

Shares of NYSE:VVX opened at $52.89 on Tuesday. V2X has a 52 week low of $37.04 and a 52 week high of $69.75. The company’s 50 day moving average is $54.37 and its two-hundred day moving average is $54.69. The company has a market cap of $1.67 billion, a PE ratio of 188.91, a P/E/G ratio of 0.59 and a beta of 0.59. 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 (NYSE:VVX) last posted its earnings results 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 13.49% and a net margin of 0.22%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that V2X will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of V2X

Several hedge funds and other institutional investors have recently made changes to their positions in VVX. US Bancorp DE raised 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 purchasing an additional 460 shares in the last quarter. nVerses Capital LLC acquired a new position in V2X during the 3rd quarter worth approximately $95,000. SG Americas Securities LLC purchased a new position in shares of V2X during the 3rd quarter worth approximately $199,000. Quadrature Capital Ltd acquired a new stake in shares of V2X in the 3rd quarter valued at approximately $207,000. Finally, Paloma Partners Management Co acquired a new stake in shares of V2X in the 3rd quarter valued at approximately $219,000. Hedge funds and other 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.