V2X (NYSE:VVX) Given Outperform Rating at Raymond James

V2X (NYSE:VVX - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Raymond James in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $65.00 price target on the stock, down from their previous price target of $72.00. Raymond James' target price points to a potential upside of 36.58% from the stock's previous close.

A number of other equities analysts have also weighed in on VVX. Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 price objective on the stock. Baird R W upgraded V2X to a "strong-buy" rating in a report on Friday, October 11th. JMP Securities upped their price objective on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of V2X in a research report on Thursday, December 12th. They set a "sell" rating and a $54.00 price objective for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $58.00 target price (down from $70.00) on shares of V2X in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, V2X presently has an average rating of "Moderate Buy" and a consensus price target of $66.86.

V2X Price Performance

Shares of NYSE VVX traded down $0.24 during mid-day trading on Thursday, reaching $47.59. The company's stock had a trading volume of 184,083 shares, compared to its average volume of 137,503. The stock has a 50-day moving average of $58.27 and a two-hundred day moving average of $54.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $1.50 billion, a P/E ratio of 169.97 and a beta of 0.55. V2X has a 1-year low of $37.04 and a 1-year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities research analysts anticipate that V2X will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares in the company, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V2X

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in V2X by 17.2% during 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 period. Zimmer Partners LP acquired a new stake in shares of V2X during the third quarter worth about $14,659,000. Simcoe Capital Management LLC purchased a new position in shares of V2X in the third quarter valued at approximately $11,604,000. Systematic Financial Management LP grew its holdings in shares of V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock valued at $13,404,000 after purchasing an additional 168,886 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in V2X during the 3rd quarter worth approximately $5,229,000. 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.