Raymond James Reiterates “Outperform” Rating for V2X (NYSE:VVX)

V2X (NYSE:VVX)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $65.00 target price on the stock, down from their prior target price of $72.00. Raymond James’ target price indicates a potential upside of 34.85% from the company’s current price.

Several other analysts have also weighed in on VVX. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th. The Goldman Sachs Group initiated coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price for the company. JMP Securities upped their price target on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. BTIG Research assumed coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Robert W. Baird initiated coverage on V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.86.

V2X Stock Up 1.3 %

Shares of VVX opened at $48.20 on Thursday. 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 has a 12-month low of $37.04 and a 12-month high of $69.75. The business’s 50 day moving average is $57.70 and its 200 day moving average is $54.49. The company has a market capitalization of $1.52 billion, a PE ratio of 172.15 and a beta of 0.55.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Research analysts expect that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its stake in V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares in the last quarter. US Bancorp DE increased its position in shares of 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 purchased a new stake in shares of V2X during the 3rd quarter valued at $95,000. SG Americas Securities LLC acquired a new stake in shares of V2X in the 3rd quarter worth $199,000. Finally, Quadrature Capital Ltd purchased a new position in V2X during the 3rd quarter worth $207,000. 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.