V2X (NYSE:VVX) Earns Buy Rating from Analysts at BTIG Research

Equities research analysts at BTIG Research started coverage on shares of V2X (NYSE:VVX) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $80.00 price target on the stock. BTIG Research’s price target would suggest a potential upside of 32.87% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JMP Securities lifted their price target on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird assumed coverage on V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Raymond James lifted their price objective on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Baird R W raised V2X to a “strong-buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of V2X in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $72.17.

V2X Stock Performance

Shares of NYSE VVX opened at $60.21 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $60.41 and its two-hundred day moving average is $53.03. The company has a market cap of $1.90 billion, a P/E ratio of 216.40 and a beta of 0.57. V2X has a 12 month low of $37.04 and a 12 month high of $69.75.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The company 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 company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. On average, equities analysts expect that V2X will post 4.14 EPS for the current year.

Insider Activity

In other news, Director Eric M. Pillmore acquired 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy C. Wensinger bought 6,250 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the chief executive officer now owns 6,250 shares in the company, valued at approximately $300,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 11,936 shares of company stock worth $572,928. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System acquired a new stake in V2X during the 1st quarter worth $307,000. Vanguard Group Inc. grew its stake in shares of V2X by 0.9% during the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after purchasing an additional 5,259 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in V2X by 287.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,403 shares of the company’s stock valued at $346,000 after purchasing an additional 5,491 shares during the last quarter. Quadrature Capital Ltd acquired a new position in V2X in the first quarter valued at about $436,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in V2X by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,587 shares of the company’s stock worth $1,009,000 after buying an additional 1,267 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

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.