JMP Securities Reiterates Market Outperform Rating for V2X (NYSE:VVX)

V2X (NYSE:VVX)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a research note issued on Friday,Benzinga reports. They presently have a $80.00 price target on the stock. JMP Securities’ price target would suggest a potential upside of 55.03% from the company’s previous close.

VVX has been the subject of several other research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. Raymond James reaffirmed an “outperform” rating and set a $65.00 price objective (down previously from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Robert W. Baird assumed coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, BTIG Research initiated coverage on V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, V2X presently has an average rating of “Moderate Buy” and an average price target of $66.86.

V2X Trading Down 0.1 %

Shares of NYSE:VVX traded down $0.08 during trading on Friday, reaching $51.60. 11,649 shares of the company traded hands, compared to its average volume of 184,995. The business’s fifty day moving average is $54.96 and its 200-day moving average is $54.52. V2X has a 52-week low of $37.04 and a 52-week high of $69.75. 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 $1.63 billion, a price-to-earnings ratio of 184.17 and a beta of 0.59.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts forecast that V2X will post 4.14 EPS for the current year.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC raised its stake in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE increased its holdings in shares of V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of V2X during the 3rd quarter valued at about $95,000. SG Americas Securities LLC purchased a new stake in shares of V2X during the 3rd quarter valued at about $199,000. Finally, Quadrature Capital Ltd purchased a new position in V2X in the third quarter worth about $207,000. 95.18% of the stock is currently owned by institutional investors.

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.