BTIG Research Begins Coverage on V2X (NYSE:VVX)

Research analysts at BTIG Research started coverage on shares of V2X (NYSE:VVX - Get Free Report) in a report issued on Monday, MarketBeat reports. The firm set a "buy" rating and a $80.00 price target on the stock. BTIG Research's price objective points to a potential upside of 32.19% from the company's current price.

A number of other analysts also recently issued reports on VVX. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. Baird R W upgraded V2X to a "strong-buy" rating in a research note on Friday, October 11th. Robert W. Baird started coverage on shares of V2X in a report on Friday, October 11th. They set an "outperform" rating and a $75.00 target price on the stock. Raymond James increased their price target on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, JMP Securities boosted their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a "market outperform" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $72.17.

V2X Stock Down 0.3 %

Shares of VVX stock traded down $0.17 on Monday, hitting $60.52. 175,258 shares of the stock were exchanged, compared to its average volume of 120,356. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1.91 billion, a P/E ratio of 216.76 and a beta of 0.57. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The business has a 50-day moving average of $60.23 and a 200 day moving average of $52.95.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities analysts anticipate that V2X will post 4.14 EPS for the current year.

Insider Buying and Selling

In other V2X news, CEO Jeremy C. Wensinger purchased 6,250 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now owns 6,250 shares in the company, valued at $300,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William Boyd Noon acquired 1,000 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 $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares in the company, valued at approximately $524,688. This trade represents a 10.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 11,936 shares of company stock valued at $572,928. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On V2X

Several institutional investors have recently made changes to their positions in VVX. FMR LLC grew its stake in V2X by 17.2% during 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% during 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 period. Vanguard Group Inc. boosted its position in shares of V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company's stock worth $27,476,000 after acquiring an additional 5,259 shares in the last quarter. Systematic Financial Management LP increased its stake in V2X by 43.5% in the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company's stock valued at $22,407,000 after acquiring an additional 121,635 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in V2X by 1.6% during the third 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 in the last quarter. 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.