V2X (NYSE:VVX) Earns "Market Outperform" Rating from JMP Securities

V2X (NYSE:VVX - Get Free Report)'s stock had its "market outperform" rating reiterated by equities researchers at JMP Securities in a research note issued on Friday,Benzinga reports. They currently have a $80.00 price target on the stock. JMP Securities' price objective suggests a potential upside of 51.25% from the stock's previous close.

Several other research analysts also recently commented on the company. 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 research note on Thursday, December 19th. Baird R W raised V2X to a "strong-buy" rating in a research note on Friday, October 11th. BTIG Research initiated coverage on V2X in a research note on Monday, November 25th. They set a "buy" rating and a $80.00 target price for the company. The Goldman Sachs Group initiated coverage on V2X in a research note on Thursday, December 12th. They set a "sell" rating and a $54.00 target price for the company. Finally, Raymond James reissued an "outperform" rating and set a $65.00 target price (down previously from $72.00) on shares of V2X in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.86.

V2X Price Performance

VVX traded up $1.21 on Friday, hitting $52.89. 135,041 shares of the stock were exchanged, compared to its average volume of 248,044. V2X has a 12 month low of $37.04 and a 12 month high of $69.75. The business has a 50-day moving average of $54.69 and a two-hundred day moving average of $54.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 188.91 and a beta of 0.59.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. V2X's revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that V2X will post 4.14 EPS for the current fiscal year.

Insider Activity

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were 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 approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Trading of V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC increased its position in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company's stock valued at $32,000 after purchasing an additional 356 shares during the period. US Bancorp DE increased its position in V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company's stock valued at $57,000 after purchasing an additional 460 shares during the period. nVerses Capital LLC acquired a new stake in V2X during the 3rd quarter valued at approximately $95,000. SG Americas Securities LLC bought a new position in shares of V2X during the 3rd quarter worth approximately $199,000. Finally, Quadrature Capital Ltd bought a new position in shares of V2X during the 3rd quarter worth approximately $207,000. 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.