V2X’s (VVX) Outperform Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of V2X (NYSE:VVX) in a research note published on Thursday, MarketBeat Ratings reports. They currently have a $65.00 target price on the stock, down from their previous target price of $72.00.

Other research analysts also recently issued reports about the company. Robert W. Baird began coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. BTIG Research initiated coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. The Goldman Sachs Group began coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price on the stock. Baird R W upgraded shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, V2X currently has an average rating of “Moderate Buy” and an average price target of $66.86.

V2X Price Performance

VVX stock opened at $48.20 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 172.15 and a beta of 0.55. 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 50 day moving average of $57.70 and a 200-day moving average of $54.54. V2X has a 12-month low of $37.04 and a 12-month high of $69.75.

V2X (NYSE:VVX) last posted its 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 return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. V2X’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that V2X will post 4.14 EPS for the current fiscal year.

Insider Transactions at V2X

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 value 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 $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC increased its position in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in V2X by 1.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares during the last quarter. US Bancorp DE boosted its stake in shares of 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 buying an additional 460 shares during the last quarter. Lakewood Asset Management LLC grew its position in shares of V2X by 8.1% during the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after buying an additional 462 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of V2X by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after buying an additional 468 shares during the last quarter. 95.18% of the stock is currently owned by hedge funds and other 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.