V2X, Inc. (NYSE:VVX) Receives $70.60 Consensus Target Price from Brokerages

Shares of V2X, Inc. (NYSE:VVX - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $70.60.

A number of equities research analysts have weighed in on the company. Raymond James lifted their target price on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a report on Tuesday. Baird R W upgraded shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. Robert W. Baird initiated coverage on shares of V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 target price on the stock. JMP Securities lifted their price target on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 price objective on shares of V2X in a report on Tuesday.

V2X Trading Up 9.8 %

Shares of VVX stock traded up $6.14 on Wednesday, hitting $68.82. The company had a trading volume of 312,115 shares, compared to its average volume of 104,569. The stock's 50-day moving average is $57.67 and its two-hundred day moving average is $51.91. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $2.15 billion, a P/E ratio of 245.79 and a beta of 0.57. V2X has a twelve month low of $37.04 and a twelve month high of $69.27.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.52%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.73 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that V2X will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other V2X news, Director Eric M. Pillmore purchased 3,125 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, with a total value of $150,000.00. Following the transaction, the director now owns 41,516 shares in the company, valued at $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO William Boyd Noon bought 1,000 shares of V2X stock in a transaction dated Friday, September 6th. The stock was purchased 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 directly owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the acquisition, the director now owns 41,516 shares of the company's stock, valued at $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 11,936 shares of company stock worth $572,928. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On V2X

Institutional investors have recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in V2X in the third quarter worth $447,000. Olympiad Research LP purchased a new position in shares of V2X in the 3rd quarter worth about $299,000. Stephens Inc. AR bought a new position in V2X during the third quarter valued at about $247,000. US Bancorp DE increased its holdings in 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 buying an additional 460 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in V2X by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company's stock worth $1,161,000 after acquiring an additional 394 shares during the period. 95.18% of the stock is owned by institutional investors.

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.