The Goldman Sachs Group Begins Coverage on V2X (NYSE:VVX)

The Goldman Sachs Group initiated coverage on shares of V2X (NYSE:VVX) in a research report released on Thursday, MarketBeat.com reports. The firm issued a sell rating and a $54.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Raymond James upped their price target on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of V2X in a research report on Tuesday, November 5th. JMP Securities raised their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird started coverage on V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, BTIG Research initiated coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, V2X presently has an average rating of “Moderate Buy” and a consensus price target of $69.57.

V2X Price Performance

Shares of VVX opened at $55.81 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. The stock’s 50 day moving average is $61.55 and its two-hundred day moving average is $54.24. The firm has a market capitalization of $1.76 billion, a PE ratio of 199.33 and a beta of 0.55. V2X has a twelve month low of $37.04 and a twelve month high of $69.75.

V2X (NYSE:VVX) last announced its quarterly 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. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. Research analysts anticipate that V2X will post 4.14 earnings per share for the current year.

Insider Transactions at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X 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 transaction, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Hedge funds have recently made changes to their positions in the company. Quest Partners LLC increased its position in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of V2X by 1.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after buying an additional 394 shares during the period. US Bancorp DE raised its holdings 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 acquiring an additional 460 shares during the period. Lakewood Asset Management LLC grew its holdings in V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after buying an additional 462 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of V2X by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other 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.