V2X (NYSE:VVX) Coverage Initiated at BTIG Research

BTIG Research started coverage on shares of V2X (NYSE:VVX) in a report released on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $80.00 price target on the stock.

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

V2X Trading Up 0.1 %

Shares of NYSE VVX opened at $60.29 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a twelve month low of $37.04 and a twelve month high of $69.75. The business has a fifty day simple moving average of $60.75 and a two-hundred day simple moving average of $53.16. The firm has a market cap of $1.90 billion, a PE ratio of 215.32 and a beta of 0.57.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.73 EPS. V2X’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Activity at V2X

In related news, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at approximately $524,688. This represents a 10.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently made changes to their positions in VVX. Quest Partners LLC boosted its position in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares during the period. US Bancorp DE raised its holdings 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 buying an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of V2X by 200.2% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 839 shares in the last quarter. nVerses Capital LLC bought a new position in V2X in the 3rd quarter valued at $95,000. Finally, SG Americas Securities LLC bought a new stake in shares of V2X during the third quarter worth approximately $199,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

About V2X

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.