V2X (NYSE:VVX) Shares Gap Up to $42.32

V2X, Inc. (NYSE:VVXGet Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $42.32, but opened at $43.54. V2X shares last traded at $43.56, with a volume of 90 shares.

Analyst Ratings Changes

VVX has been the subject of several analyst reports. Stifel Nicolaus raised shares of V2X from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $45.00 in a report on Wednesday, August 10th. Raymond James initiated coverage on shares of V2X in a report on Friday, September 9th. They issued a “strong-buy” rating and a $50.00 target price for the company.

V2X Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average is $38.03. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96.

V2X (NYSE:VVXGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.35. V2X had a net margin of 1.69% and a return on equity of 15.12%. The business had revenue of $498.07 million during the quarter, compared to analyst estimates of $451.16 million. Sell-side analysts expect that V2X, Inc. will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related news, Director Stephen L. Waechter acquired 1,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average cost of $33.71 per share, with a total value of $33,710.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $404,520. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Stephen L. Waechter bought 1,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was purchased at an average cost of $33.71 per share, for a total transaction of $33,710.00. Following the transaction, the director now owns 12,000 shares of the company’s stock, valued at $404,520. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dino M. Cusumano bought 54,397 shares of the stock in a transaction dated Wednesday, September 14th. The shares were purchased at an average price of $42.42 per share, with a total value of $2,307,520.74. Following the completion of the transaction, the director now directly owns 375,420 shares in the company, valued at approximately $15,925,316.40. The disclosure for this purchase can be found here. Insiders purchased a total of 376,420 shares of company stock valued at $15,034,370 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

About V2X

(Get Rating)

V2X, Inc is based in Colorado Springs, Colorado.

Read More

Receive News & Ratings for V2X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V2X and related companies with MarketBeat.com's FREE daily email newsletter.