Raymond James Boosts V2X (NYSE:VVX) Price Target to $72.00

V2X (NYSE:VVX - Get Free Report) had its price target hoisted by stock analysts at Raymond James from $60.00 to $72.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James' target price would indicate a potential upside of 14.87% from the stock's previous close.

Several other research analysts also recently issued reports on VVX. Baird R W upgraded shares of V2X to a "strong-buy" rating in a report on Friday, October 11th. Royal Bank of Canada restated an "outperform" rating and set a $70.00 price objective on shares of V2X in a report on Tuesday. Finally, Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They set an "outperform" rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $70.60.

V2X Stock Up 1.2 %

Shares of VVX stock traded up $0.77 on Tuesday, hitting $62.68. The company's stock 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. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $66.00. The firm's fifty day moving average price is $57.29 and its 200-day moving average price is $51.69. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -152.28 and a beta of 0.57.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Research analysts anticipate that V2X will post 4.11 EPS for the current year.

Insider Activity at V2X

In other V2X news, CFO Shawn Mural bought 937 shares of the 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 $44,976.00. Following the completion of the purchase, the chief financial officer now directly owns 1,437 shares in the company, valued at $68,976. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Shawn Mural purchased 937 shares of V2X stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $68,976. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric M. Pillmore purchased 3,125 shares of V2X stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares of the company's stock, valued at approximately $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,936 shares of company stock valued at $572,928 over the last quarter. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC lifted its position in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE lifted its holdings in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company's stock valued at $57,000 after buying an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company's stock valued at $60,000 after buying an additional 839 shares during the period. nVerses Capital LLC acquired a new position in V2X in the third quarter valued at approximately $95,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in V2X in the first quarter valued at approximately $142,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

About V2X

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.