V2X (NYSE:VVX) Shares Gap Up – Should You Buy?

Shares of V2X, Inc. (NYSE:VVX) gapped up before the market opened on Wednesday . The stock had previously closed at $50.86, but opened at $52.52. V2X shares last traded at $50.69, with a volume of 31,920 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on VVX shares. The Goldman Sachs Group began coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price for the company. Citigroup assumed coverage on shares of V2X in a report on Tuesday, January 21st. They set a “buy” rating and a $64.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Finally, Raymond James cut their price objective on shares of V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, V2X presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

V2X Price Performance

The firm’s fifty day simple moving average is $49.13 and its 200-day simple moving average is $54.04. The firm has a market capitalization of $1.61 billion, a PE ratio of 182.46, a PEG ratio of 0.61 and a beta of 0.61. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

Hedge Funds Weigh In On V2X

A number of hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of V2X by 3.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock worth $353,000 after purchasing an additional 266 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after buying an additional 288 shares during the last quarter. Corebridge Financial Inc. increased its holdings in V2X by 7.1% in the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock worth $337,000 after buying an additional 470 shares in the last quarter. LPL Financial LLC raised its position in V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after buying an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock valued at $201,000 after acquiring an additional 558 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

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.