V2X (NYSE:VVX) Stock Price Up 3.8% – Here’s Why

V2X, Inc. (NYSE:VVX) shares shot up 3.8% during mid-day trading on Tuesday . The stock traded as high as $51.49 and last traded at $51.01. 156,791 shares were traded during trading, a decline of 4% from the average session volume of 163,217 shares. The stock had previously closed at $49.15.

Analysts Set New Price Targets

Several research firms recently issued reports on VVX. The Goldman Sachs Group began coverage on V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price target on the stock. Royal Bank of Canada cut their price objective on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research report on Friday, January 17th. Citigroup started coverage on V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Raymond James cut their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, V2X currently has an average rating of “Moderate Buy” and a consensus target price of $65.38.

V2X Trading Down 1.0 %

The company has a market cap of $1.62 billion, a PE ratio of 183.04, a PEG ratio of 0.61 and a beta of 0.61. 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 stock has a 50 day moving average price of $48.91 and a 200 day moving average price of $54.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after purchasing an additional 714,722 shares during the period. Vanguard Group Inc. raised its stake in V2X by 19.1% during the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company’s stock valued at $42,957,000 after buying an additional 144,029 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in V2X by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company’s stock valued at $42,035,000 after buying an additional 97,399 shares during the last quarter. Simcoe Capital Management LLC raised its stake in V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock valued at $35,057,000 after buying an additional 525,204 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in V2X by 43.5% during the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after buying an additional 121,635 shares during 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.