V2X (NYSE:VVX) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group began coverage on shares of V2X (NYSE:VVX - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm set a "sell" rating and a $54.00 price target on the stock. The Goldman Sachs Group's price objective would suggest a potential downside of 2.53% from the company's current price.

Several other equities research analysts have also weighed in on VVX. JMP Securities lifted their price objective on V2X from $65.00 to $80.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of V2X in a report on Tuesday, November 5th. Robert W. Baird assumed coverage on V2X in a report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target for the company. BTIG Research assumed coverage on V2X in a research note on Monday, November 25th. They set a "buy" rating and a $80.00 price objective on the stock. Finally, Baird R W raised V2X to a "strong-buy" rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, V2X currently has a consensus rating of "Moderate Buy" and an average price target of $69.57.

V2X Stock Down 6.6 %

V2X stock traded down $3.92 during mid-day trading on Thursday, reaching $55.40. The stock had a trading volume of 354,654 shares, compared to its average volume of 127,955. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock's 50-day simple moving average is $61.65 and its 200-day simple moving average is $54.10. The firm has a market capitalization of $1.75 billion, a PE ratio of 211.86 and a beta of 0.55. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last issued 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. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.73 earnings per share. V2X's quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that V2X will post 4.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated 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 sale, the general counsel now owns 10,634 shares of the company's stock, valued at $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On V2X

Several institutional investors have recently modified their holdings of VVX. FMR LLC boosted its stake in V2X by 17.2% in the third quarter. FMR LLC now owns 2,997,474 shares of the company's stock worth $167,439,000 after buying an additional 439,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company's stock worth $31,741,000 after acquiring an additional 87,741 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company's stock valued at $22,407,000 after purchasing an additional 121,635 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of V2X by 1.6% during 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. Finally, Zimmer Partners LP purchased a new position in V2X in the 3rd quarter worth $14,659,000. 95.18% of the stock is currently 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.