Brokerages Set V2X, Inc. (NYSE:VVX) Target Price at $67.86

Shares of V2X, Inc. (NYSE:VVX) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $67.86.

Several research firms recently commented on VVX. BTIG Research started coverage on V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Raymond James raised their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price target on the stock. JMP Securities raised their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 target price (down from $70.00) on shares of V2X in a research note on Thursday, December 19th.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V2X

Several hedge funds have recently bought and sold shares of the company. Quest Partners LLC increased its stake in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares during the period. US Bancorp DE increased its position in shares of V2X by 81.0% during the third 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. nVerses Capital LLC acquired a new stake in shares of V2X in the third quarter valued at $95,000. SG Americas Securities LLC purchased a new position in V2X in the third quarter valued at $199,000. Finally, Quadrature Capital Ltd acquired a new position in V2X during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Price Performance

V2X stock opened at $46.98 on Thursday. The company has a fifty day simple moving average of $59.15 and a 200-day simple moving average of $54.42. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 167.79 and a beta of 0.55. V2X has a 52-week low of $37.04 and a 52-week high of $69.75.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating 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 company 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 company earned $0.73 EPS. V2X’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that V2X will post 4.14 EPS for the current fiscal 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.