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

Citigroup initiated coverage on shares of V2X (NYSE:VVX) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $64.00 price target on the stock.

A number of other equities analysts have also recently commented on the stock. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. BTIG Research started coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Finally, Raymond James reissued an “outperform” rating and issued a $65.00 target price (down previously from $72.00) on shares of V2X in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, V2X has an average rating of “Moderate Buy” and an average price target of $66.50.

V2X Price Performance

NYSE:VVX opened at $53.59 on Tuesday. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $53.99 and a 200 day simple moving average of $54.74. The stock has a market capitalization of $1.69 billion, a PE ratio of 191.39, a P/E/G ratio of 0.62 and a beta of 0.59.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business 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 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that V2X will post 4.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other V2X news, 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 transaction of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of V2X by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after acquiring an additional 814 shares during the period. SG Americas Securities LLC boosted its stake in V2X by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 6,946 shares of the company’s stock worth $332,000 after purchasing an additional 3,382 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in V2X by 38.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 22,395 shares of the company’s stock worth $1,071,000 after purchasing an additional 6,212 shares during the period. Assenagon Asset Management S.A. boosted its stake in V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after purchasing an additional 210,814 shares during the period. Finally, MRA Advisory Group bought a new position in V2X in the 4th quarter worth about $323,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

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.