Baird R W Upgrades V2X (NYSE:VVX) to Strong-Buy

V2X (NYSE:VVX) was upgraded by research analysts at Baird R W to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 price objective on shares of V2X in a research note on Wednesday, August 7th. Robert W. Baird started coverage on shares of V2X in a research note on Friday. They set an “outperform” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $62.20.

V2X Price Performance

Shares of NYSE VVX opened at $64.00 on Friday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -492.31 and a beta of 0.60. V2X has a 52 week low of $37.04 and a 52 week high of $64.20. The company’s 50-day moving average price is $52.94 and its 200 day moving average price is $49.73. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

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). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. V2X’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. As a group, research analysts forecast that V2X will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO William Boyd Noon bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the completion of the transaction, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO William Boyd Noon bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the completion of the transaction, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock valued at $572,928 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VVX. Quest Partners LLC raised its holdings in V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of V2X by 200.2% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 839 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of V2X during the first quarter valued at approximately $142,000. SG Americas Securities LLC purchased a new stake in shares of V2X during the third quarter valued at approximately $199,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of V2X during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.