V2X, Inc. (NYSE:VVX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of V2X, Inc. (NYSE:VVX) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. 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 assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $66.86.

A number of research analysts have recently weighed in on VVX shares. Robert W. Baird assumed coverage on V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Raymond James restated an “outperform” rating and issued a $65.00 target price (down previously from $72.00) on shares of V2X in a research note on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price on the stock.

V2X Stock Performance

Shares of VVX stock opened at $52.89 on Monday. V2X has a 1-year low of $37.04 and a 1-year 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 188.91 and a beta of 0.59. The stock’s fifty day simple moving average is $54.69 and its 200-day simple moving average is $54.66.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that V2X will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VVX. Rhumbline Advisers lifted its stake in shares of V2X by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,991 shares of the company’s stock valued at $1,007,000 after purchasing an additional 863 shares during the period. American Century Companies Inc. raised its stake in V2X by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 15,142 shares of the company’s stock worth $726,000 after buying an additional 2,411 shares during the period. Oppenheimer Asset Management Inc. raised its stake in V2X by 28.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,168 shares of the company’s stock worth $392,000 after buying an additional 1,799 shares during the period. Dimensional Fund Advisors LP raised its stake in V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after buying an additional 87,741 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in V2X during the 2nd quarter worth $212,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

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.