Shares of V2X, Inc. (NYSE:VVX - Get Free Report) have been given an average recommendation of "Buy" by the seven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $72.17.
A number of analysts have weighed in on the stock. BTIG Research started coverage on shares of V2X in a report on Monday, November 25th. They set a "buy" rating and a $80.00 target price on the stock. Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 target price for the company. Raymond James boosted their price objective on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. Baird R W upgraded V2X to a "strong-buy" rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $70.00 price target on shares of V2X in a report on Tuesday, November 5th.
View Our Latest Stock Analysis on VVX
In related news, CAO William Boyd Noon acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the transaction, the chief accounting officer now directly owns 10,931 shares of the company's stock, valued at approximately $524,688. This trade represents a 10.07 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy C. Wensinger bought 6,250 shares of the company's stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $300,000.00. Following the transaction, the chief executive officer now owns 6,250 shares of the company's stock, valued at $300,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 11,936 shares of company stock worth $572,928. Company insiders own 1.10% of the company's stock.
Several hedge funds and other institutional investors have recently bought and sold shares of VVX. FMR LLC lifted its position in V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company's stock valued at $167,439,000 after acquiring an additional 439,852 shares in the last quarter. Zimmer Partners LP bought a new stake in V2X during the third quarter worth $14,659,000. Simcoe Capital Management LLC acquired a new position in shares of V2X during the 3rd quarter worth approximately $11,604,000. Systematic Financial Management LP grew its stake in V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock valued at $13,404,000 after buying an additional 168,886 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new position in V2X during the 2nd quarter worth $6,982,000. Institutional investors own 95.18% of the company's stock.
Shares of VVX stock opened at $60.25 on Friday. The stock has a 50 day simple moving average of $60.98 and a 200-day simple moving average of $53.30. 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 cap of $1.90 billion, a price-to-earnings ratio of 215.19 and a beta of 0.57. V2X has a 12-month low of $37.04 and a 12-month high of $69.75.
V2X (NYSE:VVX - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, equities analysts forecast that V2X will post 4.14 EPS for the current year.
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.
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