Brokerages Set V2X, Inc. (NYSE:VVX) Price Target at $70.60

Shares of V2X, Inc. (NYSE:VVX) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $70.60.

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of V2X in a report on Tuesday, November 5th. JMP Securities increased their price target on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. Raymond James increased their price target on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Robert W. Baird assumed coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company.

Insider Activity

In other V2X news, CEO Jeremy C. Wensinger acquired 6,250 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jeremy C. Wensinger purchased 6,250 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares in the company, valued at approximately $300,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William Boyd Noon purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased 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 owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 11,936 shares of company stock valued at $572,928 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

Several hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in V2X by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,361 shares of the company’s stock worth $6,835,000 after purchasing an additional 2,207 shares during the last quarter. Intech Investment Management LLC bought a new position in V2X during the 3rd quarter worth $284,000. Quest Partners LLC increased its stake in V2X by 1,341.0% during the 3rd quarter. Quest Partners LLC now owns 9,698 shares of the company’s stock worth $542,000 after acquiring an additional 9,025 shares during the period. Versor Investments LP bought a new position in V2X during the 3rd quarter worth $447,000. Finally, Olympiad Research LP bought a new position in V2X during the 3rd quarter worth $299,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Stock Down 1.6 %

Shares of V2X stock opened at $67.60 on Wednesday. V2X has a 1 year low of $37.04 and a 1 year high of $69.75. The business has a 50-day moving average of $58.58 and a two-hundred day moving average of $52.42. The company has a market capitalization of $2.13 billion, a P/E ratio of 241.43 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.10.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.49% and a net margin of 0.22%. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. As a group, equities analysts predict that V2X will post 4.14 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.