V2X (NYSE:VVX) Price Target Raised to $80.00 at JMP Securities

V2X (NYSE:VVX) had its price target raised by JMP Securities from $65.00 to $80.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other research firms have also recently commented on VVX. Raymond James raised their target price on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of V2X in a research note on Tuesday. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $70.60.

V2X Price Performance

Shares of VVX stock opened at $62.68 on Tuesday. The firm has a market cap of $1.95 billion, a P/E ratio of 223.87 and a beta of 0.57. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $66.00. The business’s 50 day moving average price is $57.42 and its 200-day moving average price is $51.79. 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 Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a return on equity of 13.52% and a net margin of 0.22%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities research analysts anticipate that V2X will post 4.11 earnings per share for the current year.

Insider Buying and Selling at V2X

In related news, CAO William Boyd Noon acquired 1,000 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the purchase, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at $524,688. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO William Boyd Noon purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now directly 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 disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,936 shares of company stock worth $572,928. 1.10% of the stock is owned by insiders.

Institutional Trading of V2X

Several large investors have recently modified their holdings of VVX. Systematic Financial Management LP grew its holdings in shares of V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after acquiring an additional 168,886 shares during the period. Peregrine Capital Management LLC bought a new stake in V2X during the second quarter valued at about $6,982,000. Dimensional Fund Advisors LP grew its holdings in V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after purchasing an additional 87,741 shares during the period. Sei Investments Co. grew its holdings in V2X by 243.3% during the second quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after purchasing an additional 52,197 shares during the period. Finally, Factorial Partners LLC grew its holdings in V2X by 28.6% during the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock valued at $2,590,000 after purchasing an additional 12,000 shares during the period. 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.