V2X (NYSE:VVX) Given “Outperform” Rating at Raymond James

V2X (NYSE:VVX)‘s stock had its “outperform” rating reissued by stock analysts at Raymond James in a report released on Thursday, MarketBeat reports. They presently have a $65.00 target price on the stock, down from their previous target price of $72.00. Raymond James’ target price suggests a potential upside of 34.85% from the company’s previous close.

Other analysts have also recently issued reports about 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 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 target price (down from $70.00) on shares of V2X in a research report on Thursday, December 19th. JMP Securities increased their price target on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. BTIG Research initiated coverage on V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective for the company. 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 on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, V2X has a consensus rating of “Moderate Buy” and a consensus target price of $66.86.

V2X Trading Up 1.3 %

NYSE:VVX opened at $48.20 on Thursday. 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 firm has a fifty day simple moving average of $57.70 and a 200-day simple moving average of $54.49. V2X has a 12 month low of $37.04 and a 12 month high of $69.75. The company has a market capitalization of $1.52 billion, a P/E ratio of 172.15 and a beta of 0.55.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (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 return on equity of 13.49% and a net margin of 0.22%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, equities research analysts anticipate that V2X will post 4.14 earnings per share for the current year.

Insider Activity

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of V2X by 17.2% in the third 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. Dimensional Fund Advisors LP increased its position in shares of V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares in the last quarter. Systematic Financial Management LP raised its stake in V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after purchasing an additional 121,635 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in V2X by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock valued at $19,037,000 after purchasing an additional 29,869 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in V2X by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock worth $15,322,000 after purchasing an additional 4,370 shares during the last quarter. 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.