V2X (NYSE:VVX) Price Target Raised to $72.00 at Raymond James

V2X (NYSE:VVX) had its price target upped by Raymond James from $60.00 to $72.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

A number of other equities analysts have also recently issued reports on VVX. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of V2X in a report on Tuesday. Finally, Robert W. Baird started coverage on V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, V2X currently has a consensus rating of “Buy” and a consensus target price of $70.60.

V2X Price Performance

VVX opened at $62.68 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X has a 12 month low of $37.04 and a 12 month high of $66.00. The company has a fifty day simple moving average of $57.42 and a 200 day simple moving average of $51.79. The stock has a market cap of $1.95 billion, a P/E ratio of 223.87 and a beta of 0.57.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.52%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that V2X will post 4.11 EPS for the current year.

Insider Activity at V2X

In related news, CFO Shawn Mural bought 937 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $44,976.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Shawn Mural acquired 937 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $44,976.00. Following the acquisition, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William Boyd Noon acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $48,000.00. Following the acquisition, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Several large investors have recently made changes to their positions in the stock. Quest Partners LLC raised its stake in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares during the period. US Bancorp DE raised its stake in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after acquiring an additional 839 shares during the period. nVerses Capital LLC bought a new stake in V2X in the 3rd quarter valued at $95,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in V2X in the 1st quarter valued at $142,000. Institutional investors and hedge funds 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.