V2X, Inc. (NYSE:VVX) Receives $62.20 Average Target Price from Brokerages

Shares of V2X, Inc. (NYSE:VVX) have been given an average rating of “Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $62.20.

VVX has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 target price on shares of V2X in a report on Wednesday, August 7th. Baird R W raised V2X to a “strong-buy” rating in a report on Friday. Finally, Robert W. Baird initiated coverage on V2X in a report on Friday. They set an “outperform” rating and a $75.00 price target on the stock.

V2X Price Performance

Shares of V2X stock opened at $65.14 on Friday. V2X has a one year low of $37.04 and a one year high of $65.59. The stock’s fifty day moving average is $53.30 and its 200 day moving average is $49.91. The stock has a market cap of $2.05 billion, a P/E ratio of -501.08 and a beta of 0.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $1.01 earnings per share. V2X’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that V2X will post 4.11 earnings per share for the current year.

Insider Buying and Selling at V2X

In other V2X news, CAO William Boyd Noon purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the completion of the acquisition, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price 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 approximately $1,992,768. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William Boyd Noon acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the transaction, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,936 shares of company stock valued at $572,928 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quest Partners LLC grew its position in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 839 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in V2X in the first quarter worth about $142,000. SG Americas Securities LLC purchased a new position in V2X in the third quarter worth about $199,000. Finally, Hsbc Holdings PLC purchased a new position in V2X in the second quarter worth about $212,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.