V2X, Inc. (NYSE:VVX) Receives Average Rating of "Buy" from Brokerages

Shares of V2X, Inc. (NYSE:VVX - Get Free Report) have earned a consensus recommendation of "Buy" from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $72.17.

A number of brokerages have issued reports on VVX. Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 price target on shares of V2X in a research report on Tuesday, November 5th. Raymond James increased their target price on V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 5th. BTIG Research initiated coverage on shares of V2X in a research note on Monday, November 25th. They issued a "buy" rating and a $80.00 price target on the stock. Baird R W upgraded shares of V2X to a "strong-buy" rating in a research report on Friday, October 11th. Finally, JMP Securities increased their price objective on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, November 5th.

V2X Stock Performance

Shares of VVX traded down $0.04 during trading hours on Friday, hitting $60.25. The stock had a trading volume of 85,160 shares, compared to its average volume of 324,791. The firm has a 50-day moving average price of $60.98 and a 200 day moving average price of $53.34. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 215.19 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that V2X will post 4.14 EPS for the current year.

Insider Transactions at V2X

In related news, CFO Shawn Mural bought 937 shares of the business's stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $44,976.00. Following the purchase, the chief financial officer now directly owns 1,437 shares of the company's stock, valued at $68,976. The trade was a 187.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction on Thursday, November 21st. The stock was 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. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On V2X

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in V2X by 6.4% in the third quarter. Franklin Resources Inc. now owns 83,876 shares of the company's stock valued at $4,685,000 after acquiring an additional 5,072 shares during the last quarter. Barclays PLC raised its position in V2X by 119.8% in the third quarter. Barclays PLC now owns 27,727 shares of the company's stock valued at $1,550,000 after purchasing an additional 15,110 shares during the period. Geode Capital Management LLC lifted its stake in shares of V2X by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 274,247 shares of the company's stock valued at $15,322,000 after purchasing an additional 4,370 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of V2X during the 3rd quarter worth $706,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of V2X during the 3rd quarter worth about $990,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.