V2X (NYSE:VVX) Trading 2.8% Higher

Shares of V2X, Inc. (NYSE:VVX) traded up 2.8% on Monday . The company traded as high as $45.84 and last traded at $45.84. 22,780 shares changed hands during trading, a decline of 75% from the average session volume of 89,746 shares. The stock had previously closed at $44.58.

Analysts Set New Price Targets

VVX has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of V2X in a research note on Wednesday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of V2X in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $52.00 price objective (down from $59.00) on shares of V2X in a research report on Friday, January 5th.

V2X Stock Performance

The company has a market capitalization of $1.46 billion, a PE ratio of -62.05 and a beta of 0.79. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average is $42.54 and its two-hundred day moving average is $44.13.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, March 5th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. Equities research analysts predict that V2X, Inc. will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. UBS Group AG purchased a new stake in V2X in the fourth quarter worth approximately $303,000. Raymond James & Associates purchased a new stake in V2X during the fourth quarter valued at $487,000. Citigroup Inc. bought a new position in V2X in the fourth quarter valued at about $140,000. Victory Capital Management Inc. purchased a new position in V2X in the fourth quarter worth about $353,000. Finally, Sei Investments Co. purchased a new position in V2X in the fourth quarter worth about $467,000. 95.18% of the stock is 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.