V2X (NYSE:VVX) Coverage Initiated at Robert W. Baird

Investment analysts at Robert W. Baird began coverage on shares of V2X (NYSE:VVX - Get Free Report) in a research note issued on Friday, Marketbeat reports. The brokerage set an "outperform" rating and a $75.00 price target on the stock. Robert W. Baird's price objective indicates a potential upside of 17.19% from the stock's current price.

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $55.00 target price on shares of V2X in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $62.20.

V2X Stock Up 7.7 %

NYSE:VVX traded up $4.56 during trading hours on Friday, reaching $64.00. 235,211 shares of the stock were exchanged, compared to its average volume of 103,638. The stock has a market cap of $2.01 billion, a PE ratio of -480.38 and a beta of 0.60. V2X has a twelve month low of $37.04 and a twelve month high of $64.20. The firm has a 50 day moving average of $52.62 and a 200 day moving average of $49.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts expect that V2X will post 4.11 earnings per share for the current year.

Insider Buying and Selling at V2X

In other news, Director Eric M. Pillmore acquired 3,125 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now directly owns 41,516 shares of the company's stock, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other V2X news, 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 acquired at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at approximately $524,688. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares of the company's stock, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 11,936 shares of company stock worth $572,928 over the last quarter. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V2X

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of V2X by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company's stock valued at $17,010,000 after purchasing an additional 156,866 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in V2X in the 1st quarter valued at $411,000. Allspring Global Investments Holdings LLC increased its position in V2X by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company's stock worth $420,000 after buying an additional 759 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of V2X by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company's stock worth $475,000 after buying an additional 287 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of V2X by 8.3% during the first quarter. Sei Investments Co. now owns 21,456 shares of the company's stock worth $1,002,000 after buying an additional 1,639 shares in the last quarter. 95.18% of the stock is owned by 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.