Citigroup Begins Coverage on V2X (NYSE:VVX)

by · The Markets Daily

Stock analysts at Citigroup initiated coverage on shares of V2X (NYSE:VVX – Get Free Report) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set a “hold” rating on the stock.

Several other analysts also recently weighed in on VVX. Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Stifel Nicolaus lifted their price target on shares of V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Bank of America upgraded shares of V2X from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of V2X in a report on Monday. Finally, Wall Street Zen upgraded V2X from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, V2X currently has an average rating of “Hold” and a consensus price target of $62.44.

Get Our Latest Stock Analysis on VVX

V2X Trading Down 0.6%

NYSE:VVX opened at $54.69 on Thursday. V2X has a 1 year low of $41.08 and a 1 year high of $63.74. The stock has a market cap of $1.72 billion, a P/E ratio of 21.87, a P/E/G ratio of 0.56 and a beta of 0.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50-day simple moving average of $56.39 and a 200-day simple moving average of $53.22.

V2X (NYSE:VVX – Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, analysts anticipate that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dino M. Cusumano sold 2,250,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the sale, the director directly owned 5,750,001 shares in the company, valued at $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder American Industrial Partners C sold 2,250,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the sale, the insider directly owned 5,750,001 shares in the company, valued at approximately $316,250,055. The trade was a 28.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in shares of V2X during the 3rd quarter worth about $1,462,000. Coldstream Capital Management Inc. purchased a new position in shares of V2X during the third quarter valued at approximately $392,000. Virtus Advisers LLC acquired a new stake in V2X during the third quarter worth approximately $1,005,000. Susquehanna Fundamental Investments LLC acquired a new stake in V2X during the third quarter worth approximately $579,000. Finally, Qube Research & Technologies Ltd grew its stake in V2X by 8.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 170,063 shares of the company’s stock worth $9,879,000 after acquiring an additional 12,977 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

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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