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

V2X, Inc. (NYSE:VVX) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $67.86.

A number of research firms have recently weighed in on VVX. Raymond James boosted their target price on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 price objective (down previously from $70.00) on shares of V2X in a report on Thursday, December 19th. The Goldman Sachs Group initiated coverage on shares of V2X in a research note on Thursday, December 12th. They set a “sell” rating and a $54.00 price target for the company. Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th.

Insider Transactions at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VVX. FMR LLC boosted its position in 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 buying an additional 439,852 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after acquiring an additional 87,741 shares during the period. Systematic Financial Management LP boosted its stake in shares of V2X by 43.5% in the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock worth $22,407,000 after buying an additional 121,635 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of V2X by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock worth $19,037,000 after purchasing an additional 29,869 shares during the period. Finally, Geode Capital Management LLC increased its holdings in V2X by 1.6% in the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after buying an additional 4,370 shares in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Stock Performance

NYSE VVX opened at $48.21 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The business has a 50 day simple moving average of $58.86 and a two-hundred day simple moving average of $54.55. The stock has a market capitalization of $1.52 billion, a PE ratio of 172.18 and a beta of 0.55.

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

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.