V2X, Inc. (NYSE:VVX) Receives $66.86 Consensus Target Price from Brokerages

V2X, Inc. (NYSE:VVX) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $66.50.

Several research analysts have commented on VVX shares. The Goldman Sachs Group started coverage on shares of V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price for the company. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. Finally, Raymond James reiterated an “outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of V2X in a report on Thursday, January 2nd.

Insider Activity at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the sale, the general counsel now directly owns 10,634 shares of the company’s stock, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in V2X by 1.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares during the period. US Bancorp DE boosted its stake in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares during the period. Lakewood Asset Management LLC boosted its stake in V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after purchasing an additional 462 shares during the period. The Manufacturers Life Insurance Company boosted its stake in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after purchasing an additional 468 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after purchasing an additional 814 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

Shares of NYSE:VVX opened at $53.08 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. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The firm has a 50-day simple moving average of $53.80 and a 200 day simple moving average of $54.86. The company has a market cap of $1.68 billion, a PE ratio of 189.59, a P/E/G ratio of 0.60 and a beta of 0.59.

V2X (NYSE:VVX) last posted its 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. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that V2X will post 4.16 EPS for the current year.

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.