JMP Securities Issues Positive Forecast for V2X (NYSE:VVX) Stock Price

V2X (NYSE:VVX - Get Free Report) had its target price upped by analysts at JMP Securities from $65.00 to $80.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' target price suggests a potential upside of 27.63% from the stock's previous close.

A number of other research analysts have also recently commented on VVX. Royal Bank of Canada restated an "outperform" rating and set a $70.00 price target on shares of V2X in a research note on Tuesday. Robert W. Baird started coverage on shares of V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 price target for the company. Raymond James raised their price target on shares of V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Finally, Baird R W upgraded shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, V2X presently has a consensus rating of "Buy" and an average target price of $70.60.

V2X Stock Performance

Shares of NYSE VVX traded up $0.77 during mid-day trading on Tuesday, hitting $62.68. The company had a trading volume of 449,450 shares, compared to its average volume of 103,599. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The business's 50-day simple moving average is $57.29 and its 200-day simple moving average is $51.69. V2X has a 12 month low of $37.04 and a 12 month high of $66.00. The firm has a market cap of $1.95 billion, a P/E ratio of -152.28 and a beta of 0.57.

V2X (NYSE:VVX - Get Free Report) last announced 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. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. As a group, analysts predict that V2X will post 4.11 earnings per share for the current fiscal year.

Insider Activity at V2X

In related news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeremy C. Wensinger purchased 6,250 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares of the company's stock, valued at $300,000. The disclosure for this purchase can be found here. Insiders purchased a total of 11,936 shares of company stock valued at $572,928 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of V2X

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in V2X by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company's stock worth $475,000 after acquiring an additional 287 shares during the period. Quest Partners LLC grew its holdings in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after acquiring an additional 356 shares during the period. Assenagon Asset Management S.A. grew its holdings in V2X by 1.9% during the 3rd 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. US Bancorp DE grew its holdings in V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company's stock worth $57,000 after acquiring an additional 460 shares during the period. Finally, Lakewood Asset Management LLC grew its holdings in V2X by 8.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company's stock worth $345,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.

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.