V2X (NYSE:VVX) Shares Gap Down – Here’s What Happened

V2X, Inc. (NYSE:VVX)’s share price gapped down prior to trading on Friday . The stock had previously closed at $52.31, but opened at $48.78. V2X shares last traded at $48.55, with a volume of 166,801 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on VVX shares. Citigroup started coverage on shares of V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price target for the company. Truist Financial reduced their price objective on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They set an “underweight” rating and a $51.00 price objective for the company. Royal Bank of Canada reduced their price objective on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Raymond James reduced their price objective on shares of V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.67.

V2X Stock Down 8.3%

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 171.39, a PEG ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50-day moving average is $49.34 and its 200-day moving average is $51.75.

V2X (NYSE:VVX) last announced its earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, equities analysts predict that V2X, Inc. will post 4.16 EPS for the current year.

Institutional Investors Weigh In On V2X

A number of hedge funds have recently made changes to their positions in VVX. State of Wyoming acquired a new stake in shares of V2X during the 4th quarter worth about $45,000. Whipplewood Advisors LLC increased its position in shares of V2X by 4,066.7% during the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company’s stock worth $49,000 after purchasing an additional 976 shares in the last quarter. CWM LLC increased its position in V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock valued at $49,000 after acquiring an additional 698 shares in the last quarter. Summit Investment Advisors Inc. increased its position in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after acquiring an additional 288 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in V2X in the 1st quarter valued at about $97,000. 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.