V2X (NYSE:VVX) Coverage Initiated at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of V2X (NYSE:VVX) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $55.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 20.22% from the company’s previous close.

VVX has been the subject of several other reports. Royal Bank Of Canada lowered their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price objective on the stock. Truist Financial dropped their target price on V2X from $68.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Raymond James Financial lowered their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.80.

V2X Stock Performance

NYSE:VVX opened at $45.75 on Tuesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 0.50 and a beta of 0.22. The business has a 50 day moving average of $47.36 and a 200 day moving average of $48.71. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16. V2X has a 1-year low of $41.08 and a 1-year high of $69.75.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.96% and a return on equity of 13.97%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the transaction, the senior vice president now owns 15,869 shares of the company’s stock, valued at approximately $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is currently owned by insiders.

Institutional Trading of V2X

Several hedge funds and other institutional investors have recently made changes to their positions in VVX. The Manufacturers Life Insurance Company raised its stake in V2X by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock valued at $353,000 after buying an additional 266 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after acquiring an additional 288 shares in the last quarter. Corebridge Financial Inc. raised its position in shares of V2X by 7.1% in the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock worth $337,000 after purchasing an additional 470 shares during the last quarter. LPL Financial LLC raised its position in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after purchasing an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in V2X by 15.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock worth $201,000 after purchasing an additional 558 shares in the last quarter. Hedge funds and other institutional investors 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.