V2X (NYSE:VVX) Now Covered by Citigroup

by · The Cerbat Gem

Citigroup initiated coverage on shares of V2X (NYSE:VVX – Free Report) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm issued a neutral rating and a $62.00 price target on the stock.

Several other equities analysts have also recently weighed in on the company. Bank of America upgraded V2X from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of V2X from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. The Goldman Sachs Group upped their price target on shares of V2X from $45.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 13th. Stifel Nicolaus increased their price objective on shares of V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of V2X in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.44.

Get Our Latest Stock Analysis on V2X

V2X Price Performance

Shares of VVX stock opened at $54.69 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.01. V2X has a 12-month low of $41.08 and a 12-month high of $63.74. The firm has a fifty day moving average of $56.39 and a 200-day moving average of $53.22. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 0.56 and a beta of 0.12.

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. V2X had a return on equity of 15.22% and a net margin of 1.81%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities research analysts forecast that V2X will post 4.16 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank raised its position in shares of V2X by 79.1% in the third quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in V2X by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,445 shares of the company’s stock worth $955,000 after buying an additional 223 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in V2X by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company’s stock worth $85,000 after acquiring an additional 275 shares during the period. Jain Global LLC increased its stake in V2X by 5.1% during the 3rd quarter. Jain Global LLC now owns 5,907 shares of the company’s stock worth $343,000 after acquiring an additional 287 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its holdings in V2X by 7.1% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company’s stock valued at $262,000 after acquiring an additional 356 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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