V2X (NYSE:VVX) Receives Outperform Rating from Royal Bank of Canada

V2X (NYSE:VVX - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $70.00 price target on the stock. Royal Bank of Canada's price objective points to a potential upside of 11.68% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Baird R W upgraded shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. Robert W. Baird assumed coverage on V2X in a report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, V2X currently has a consensus rating of "Buy" and an average target price of $70.60.

V2X Stock Performance

Shares of V2X stock traded up $0.77 on Tuesday, hitting $62.68. The stock had a trading volume of 449,450 shares, compared to its average volume of 103,599. V2X has a twelve month low of $37.04 and a twelve month high of $66.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -152.28 and a beta of 0.57. The business's 50 day moving average is $57.29 and its two-hundred day moving average is $51.69.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 negative net margin of 0.30% and a positive return on equity of 11.69%. V2X's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Analysts forecast that V2X will post 4.11 EPS for the current year.

Insider Activity

In other news, CAO William Boyd Noon purchased 1,000 shares of the business's stock in a transaction 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 completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other V2X news, CFO Shawn Mural acquired 937 shares of V2X stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the purchase, the chief financial officer now owns 1,437 shares of the company's stock, valued at approximately $68,976. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William Boyd Noon acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 11,936 shares of company stock valued at $572,928 in the last ninety days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On V2X

A number of institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC grew its stake in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after buying an additional 356 shares in the last quarter. US Bancorp DE lifted its holdings in shares of V2X by 81.0% during 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 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. nVerses Capital LLC purchased a new stake in V2X during the third quarter valued at about $95,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in V2X during the first quarter worth about $142,000. 95.18% of the stock is currently 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.