V2X (NYSE:VVX) Price Target Raised to $55.00

V2X (NYSE:VVX) had its price target lifted by research analysts at Royal Bank of Canada from $50.00 to $55.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.70% from the company’s previous close.

A number of other analysts have also weighed in on VVX. Stifel Nicolaus raised their target price on shares of V2X from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of V2X in a research note on Wednesday, March 6th.

V2X Stock Performance

Shares of V2X stock opened at $49.24 on Wednesday. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $56.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a market capitalization of $1.55 billion, a P/E ratio of -66.54 and a beta of 0.68. The company’s 50 day moving average price is $46.31 and its two-hundred day moving average price is $43.86.

V2X (NYSE:VVX) last issued its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $973.17 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that V2X will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new position in shares of V2X in the 4th quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in shares of V2X during the fourth quarter worth $65,000. Strs Ohio bought a new position in V2X during the fourth quarter worth $78,000. SG Americas Securities LLC acquired a new position in V2X in the third quarter valued at $126,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in V2X during the first quarter valued at $142,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Company Profile

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.