V2X (NYSE:VVX) Stock Price Up 3.8% – Still a Buy?

V2X, Inc. (NYSE:VVX) shares rose 3.8% during trading on Tuesday . The company traded as high as $51.49 and last traded at $51.01. Approximately 156,791 shares were traded during trading, a decline of 4% from the average daily volume of 163,217 shares. The stock had previously closed at $49.15.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. Raymond James decreased their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Citigroup initiated coverage on shares of V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on shares of V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, V2X currently has a consensus rating of “Moderate Buy” and an average price target of $65.38.

V2X Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average price is $48.72 and its 200-day moving average price is $54.16. The firm has a market cap of $1.62 billion, a PE ratio of 183.77, a P/E/G ratio of 0.61 and a beta of 0.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company’s stock worth $177,554,000 after acquiring an additional 714,722 shares during the period. Simcoe Capital Management LLC grew its position in shares of V2X by 252.8% in the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock valued at $35,057,000 after purchasing an additional 525,204 shares during the period. Victory Capital Management Inc. acquired a new position in V2X in the fourth quarter valued at $13,947,000. Zimmer Partners LP purchased a new position in V2X during the third quarter worth about $14,659,000. Finally, Assenagon Asset Management S.A. boosted its stake in V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after buying an additional 210,814 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.