V2X (NYSE:VVX) PT Set at $63.00 by Stifel Nicolaus

V2X (NYSE:VVX) received a $63.00 price objective from analysts at Stifel Nicolaus in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 15.42% from the stock’s previous close.

VVX has been the subject of a number of other research reports. Wall Street Zen lowered V2X from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Morgan Stanley began coverage on shares of V2X in a research note on Wednesday, April 16th. They set an “underweight” rating and a $51.00 price objective on the stock. Finally, Truist Financial decreased their target price on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.60.

V2X Trading Down 2.3%

Shares of NYSE:VVX opened at $54.58 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $47.33 and its 200 day moving average price is $48.33. The company has a market cap of $1.73 billion, a PE ratio of 24.81, a P/E/G ratio of 0.61 and a beta of 0.27. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.33. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Sell-side analysts anticipate that V2X will post 4.16 earnings per share for the current year.

Insider Buying and Selling at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. The trade was a 20.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

A number of large investors have recently added to or reduced their stakes in VVX. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of V2X by 25.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,110 shares of the company’s stock valued at $200,000 after acquiring an additional 829 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of V2X in the 2nd quarter worth $262,000. Teacher Retirement System of Texas raised its position in shares of V2X by 68.4% during the second quarter. Teacher Retirement System of Texas now owns 47,768 shares of the company’s stock worth $2,319,000 after purchasing an additional 19,396 shares during the period. AlphaQuest LLC raised its position in shares of V2X by 545.1% during the second quarter. AlphaQuest LLC now owns 2,187 shares of the company’s stock worth $106,000 after purchasing an additional 1,848 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in shares of V2X during the second quarter valued at $73,000. 95.18% of the stock is currently owned by 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.