V2X (NYSE:VVX) Earns Buy Rating from Analysts at Stifel Nicolaus

by · The Markets Daily

Stifel Nicolaus started coverage on shares of V2X (NYSE:VVX – Free Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $55.00 price objective on the stock.

A number of other research firms have also recently weighed in on VVX. Royal Bank Of Canada lowered their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on V2X in a report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price target for the company. Raymond James Financial decreased their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, Truist Financial decreased their price target on shares of V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, V2X currently has an average rating of “Moderate Buy” and an average target price of $62.80.

Read Our Latest Report on V2X

V2X Stock Up 3.7%

V2X stock opened at $48.42 on Tuesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 37.54, a PEG ratio of 0.52 and a beta of 0.21. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The stock has a 50-day simple moving average of $47.30 and a 200-day simple moving average of $48.61. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.16.

V2X (NYSE:VVX – Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.97% and a net margin of 0.96%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that V2X will post 4.16 earnings per share for the current year.

Insider Activity at V2X

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, the senior vice president now directly owns 15,869 shares of the company’s stock, valued at approximately $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Trading of V2X

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company’s stock worth $177,554,000 after purchasing an additional 714,722 shares during the period. Vanguard Group Inc. raised its stake in V2X by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 923,334 shares of the company’s stock valued at $45,290,000 after acquiring an additional 25,222 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of V2X by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company’s stock worth $42,035,000 after purchasing an additional 97,399 shares in the last quarter. Simcoe Capital Management LLC boosted its holdings 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 acquiring an additional 525,204 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company’s stock worth $23,040,000 after acquiring an additional 178,136 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.

About V2X

(Get Free Report)

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.

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