V2X (NYSE:VVX) Shares Gap Up – Here’s Why

V2X, Inc. (NYSE:VVX) gapped up prior to trading on Wednesday . The stock had previously closed at $50.86, but opened at $52.52. V2X shares last traded at $50.69, with a volume of 31,920 shares.

Analysts Set New Price Targets

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

V2X Stock Up 0.4 %

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 182.38, a P/E/G ratio of 0.61 and a beta of 0.61. The business’s 50-day moving average is $49.16 and its 200-day moving average is $54.08.

Institutional Trading of V2X

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in V2X by 10.5% in the fourth quarter. California State Teachers Retirement System now owns 13,128 shares of the company’s stock valued at $628,000 after acquiring an additional 1,252 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of V2X by 26.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,974 shares of the company’s stock valued at $764,000 after purchasing an additional 3,330 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of V2X by 41.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,797 shares of the company’s stock valued at $2,143,000 after purchasing an additional 13,175 shares during the period. Voloridge Investment Management LLC acquired a new stake in V2X during the fourth quarter valued at $5,416,000. Finally, Zimmer Partners LP grew its position in V2X by 48.5% during the fourth quarter. Zimmer Partners LP now owns 389,609 shares of the company’s stock valued at $18,635,000 after buying an additional 127,189 shares during the period. Hedge funds and other institutional investors 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.