V2X (NYSE:VVX) Shares Gap Up to $46.83

V2X, Inc. (NYSE:VVX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $46.83, but opened at $50.01. V2X shares last traded at $49.86, with a volume of 43,955 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VVX. Stifel Nicolaus increased their price objective on shares of V2X from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of V2X in a research report on Friday, May 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $55.00 price target on shares of V2X in a research report on Wednesday, August 7th.

V2X Stock Up 7.9 %

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -386.38 and a beta of 0.59. The business’s 50 day moving average price is $48.63 and its 200 day moving average price is $46.13. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10.

V2X (NYSE:VVX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $1.01 EPS. V2X’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that V2X, Inc. will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VVX. Janney Montgomery Scott LLC raised its holdings in shares of V2X by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after acquiring an additional 287 shares during the period. Quest Partners LLC raised its holdings in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of V2X by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the period. Oak Associates Ltd. OH raised its holdings in shares of V2X by 2.9% during the 2nd quarter. Oak Associates Ltd. OH now owns 16,890 shares of the company’s stock worth $810,000 after acquiring an additional 479 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new position in shares of V2X during the 4th quarter worth $34,000. 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.