V2X (NYSE:VVX) Price Target Raised to $83.00

V2X (NYSE:VVX) had its price objective boosted by Citigroup from $75.00 to $83.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

VVX has been the topic of a number of other reports. Royal Bank Of Canada boosted their price target on shares of V2X from $81.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 3rd. Truist Financial reissued a “hold” rating and issued a $87.00 price objective (up from $85.00) on shares of V2X in a research note on Tuesday, November 3rd. Wall Street Zen lowered shares of V2X from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Morgan Stanley lifted their price objective on shares of V2X from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, Stifel Nicolaus set a $102.00 target price on shares of V2X in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.70.

V2X Price Performance

VVX stock opened at $80.86 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $2.53 billion, a PE ratio of 12.90, a P/E/G ratio of 0.63 and a beta of 0.19. V2X has a 12-month low of $50.89 and a 12-month high of $93.98. The business’s fifty day moving average price is $74.38 and its 200 day moving average price is $74.36.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 2nd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.15. V2X had a return on equity of 17.88% and a net margin of 1.98%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $1.37 EPS. V2X’s revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that V2X will post 6.39 EPS for the current year.

Institutional Trading of V2X

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of V2X during the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of V2X during the 2nd quarter worth about $38,000. Fifth Third Bancorp purchased a new stake in V2X during the first quarter worth approximately $46,000. GAMMA Investing LLC lifted its stake in V2X by 118.3% during the third quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $54,000 after purchasing an additional 413 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in V2X by 44.6% during the second quarter. Allworth Financial LP now owns 765 shares of the company’s stock worth $57,000 after purchasing an additional 236 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

About V2X

V2X, Inc. provides mission-critical services and technology to the U.S. government, defense and intelligence organizations, and international customers. Its work supports military operations and other government missions in the United States and around the world. The company’s services include logistics and supply-chain management, base and facility operations, equipment maintenance, engineering, training, information technology, and cybersecurity. V2X also provides operational and technical support intended to help customers manage complex missions and infrastructure.