V2X (NYSE:VVX) Earns Buy Rating from Analysts at BTIG Research

Equities researchers at BTIG Research began coverage on shares of V2X (NYSE:VVX) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $80.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 31.82% from the company’s current price.

Several other equities research analysts also recently commented on VVX. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of V2X in a report on Tuesday, November 5th. JMP Securities raised their target price on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 5th. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Raymond James upped their price target on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird began coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, V2X currently has a consensus rating of “Buy” and an average price target of $72.17.

V2X Stock Performance

Shares of VVX opened at $60.69 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50 day moving average is $60.23 and its 200-day moving average is $52.95. V2X has a 12-month low of $37.04 and a 12-month high of $69.75. The stock has a market capitalization of $1.92 billion, a P/E ratio of 216.76 and a beta of 0.57.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 0.22% and a return on equity of 13.49%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities research analysts anticipate that V2X will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In other news, CAO William Boyd Noon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost 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. This trade represents a 10.07 % 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, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of V2X

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC raised its holdings in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in V2X by 1.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after buying an additional 394 shares in the last quarter. US Bancorp DE raised its position in shares of V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the period. Lakewood Asset Management LLC boosted its holdings in shares of V2X by 8.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after buying an additional 462 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the period. 95.18% of the stock is owned by institutional investors.

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.