V2X (NYSE:VVX) Now Covered by Analysts at Citigroup

Analysts at Citigroup started coverage on shares of V2X (NYSE:VVX - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $64.00 price target on the stock. Citigroup's price target indicates a potential upside of 16.12% from the stock's previous close.

Several other brokerages have also recently issued reports on VVX. Royal Bank of Canada reissued a "sector perform" rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a report on Thursday, December 19th. 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 for the company. Raymond James reissued an "outperform" rating and issued a $65.00 price objective (down previously from $72.00) on shares of V2X in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on V2X in a report on Thursday, December 12th. They set a "sell" rating and a $54.00 target price on the stock. Finally, Baird R W upgraded V2X to a "strong-buy" rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.50.

V2X Stock Performance

V2X stock traded up $2.19 during mid-day trading on Tuesday, reaching $55.12. 373,412 shares of the company traded hands, compared to its average volume of 204,591. The firm's fifty day moving average is $54.37 and its two-hundred day moving average is $54.69. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 196.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

V2X (NYSE:VVX - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. V2X's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts expect that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Trading of V2X

A number of institutional investors have recently made changes to their positions in the company. FMR LLC raised its holdings in V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company's stock valued at $167,439,000 after acquiring an additional 439,852 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company's stock worth $31,741,000 after buying an additional 87,741 shares during the last quarter. Systematic Financial Management LP grew its holdings in 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 buying an additional 121,635 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of V2X by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company's stock worth $19,037,000 after acquiring an additional 29,869 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 worth $15,322,000 after acquiring an additional 4,370 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.

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.