V2X, Inc. (NYSE:VVX) Given Average Recommendation of “Buy” by Brokerages

Shares of V2X, Inc. (NYSE:VVX) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $72.17.

VVX has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th. Raymond James lifted their price objective on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of V2X in a report on Tuesday, November 5th.

Insider Buying and Selling at V2X

In other V2X news, CAO William Boyd Noon purchased 1,000 shares of V2X stock in a transaction on Friday, September 6th. The shares were purchased 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 directly owns 10,931 shares in the company, valued at approximately $524,688. This represents a 10.07 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 11,936 shares of company stock valued at $572,928. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VVX. Quest Partners LLC raised its stake in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares during the period. US Bancorp DE lifted its holdings in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 buying an additional 839 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of V2X during the third quarter valued at about $95,000. Finally, SG Americas Securities LLC acquired a new stake in shares of V2X during the third quarter valued at about $199,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Stock Performance

NYSE VVX opened at $60.25 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The business has a fifty day moving average of $60.98 and a 200-day moving average of $53.30. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 215.19 and a beta of 0.57.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts predict that V2X will post 4.14 earnings per share for the current fiscal year.

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.