V2X (NYSE:VVX) Reaches New 1-Year High – Time to Buy?

V2X, Inc. (NYSE:VVX)’s stock price reached a new 52-week high on Monday . The company traded as high as $93.52 and last traded at $93.58, with a volume of 45343 shares. The stock had previously closed at $90.24.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VVX. Stifel Nicolaus lifted their target price on shares of V2X from $77.50 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Noble Financial restated an “outperform” rating on shares of V2X in a research report on Tuesday, June 2nd. Weiss Ratings cut V2X from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. BTIG Research reiterated a “buy” rating and set a $90.00 price objective on shares of V2X in a research note on Wednesday, May 27th. Finally, Citizens Jmp increased their target price on V2X from $90.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, V2X presently has a consensus rating of “Moderate Buy” and an average target price of $82.10.

V2X Price Performance

The firm has a market cap of $2.87 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 0.72 and a beta of 0.22. The stock’s fifty day moving average price is $80.67 and its 200-day moving average price is $72.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.25 and a quick ratio of 1.25.

V2X (NYSE:VVX) last issued its earnings results on Monday, May 4th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.13 billion. V2X had a net margin of 1.88% and a return on equity of 16.94%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, equities analysts expect that V2X, Inc. will post 6.16 EPS for the current fiscal year.

Institutional Trading of V2X

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of V2X by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,986 shares of the company’s stock worth $217,000 after purchasing an additional 165 shares during the last quarter. Comerica Bank lifted its position in V2X by 79.1% during the third quarter. Comerica Bank now owns 480 shares of the company’s stock worth $28,000 after buying an additional 212 shares in the last quarter. New York State Teachers Retirement System lifted its position in V2X by 16.6% during the fourth quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock worth $96,000 after buying an additional 251 shares in the last quarter. Vident Advisory LLC boosted its stake in V2X by 2.5% during the fourth quarter. Vident Advisory LLC now owns 10,778 shares of the company’s stock worth $588,000 after buying an additional 261 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in V2X by 3.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 7,389 shares of the company’s stock worth $403,000 after buying an additional 276 shares during the last quarter. 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.