V2X (NYSE:VVX) Shares Up 3.8% – Time to Buy?

Shares of V2X, Inc. (NYSE:VVX) rose 3.8% during trading on Tuesday . The stock traded as high as $51.49 and last traded at $51.01. Approximately 156,791 shares traded hands during trading, a decline of 4% from the average daily volume of 163,217 shares. The stock had previously closed at $49.15.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VVX. Royal Bank of Canada reduced their target price on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Raymond James decreased their target price on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. 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 on the stock. Citigroup initiated coverage on shares of V2X in a research note on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective for the company. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, V2X presently has an average rating of “Moderate Buy” and a consensus target price of $65.38.

V2X Stock Up 4.7 %

The firm’s 50 day moving average price is $48.72 and its two-hundred day moving average price is $54.16. The firm has a market capitalization of $1.62 billion, a PE ratio of 183.77, a P/E/G ratio of 0.61 and a beta of 0.61. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

Hedge Funds Weigh In On V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of V2X by 119.8% in the third quarter. Barclays PLC now owns 27,727 shares of the company’s stock worth $1,550,000 after acquiring an additional 15,110 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock valued at $11,077,000 after purchasing an additional 210,814 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of V2X during the 3rd quarter valued at approximately $284,000. Jane Street Group LLC grew its position in shares of V2X by 37.4% during the third quarter. Jane Street Group LLC now owns 17,636 shares of the company’s stock worth $985,000 after buying an additional 4,799 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of V2X by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock worth $19,037,000 after buying an additional 29,869 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

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.