V2X (NYSE:VVX) Upgraded to “Buy” at Wall Street Zen

V2X (NYSE:VVX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also commented on VVX. Stifel Nicolaus set a $63.00 price target on V2X and gave the stock a “buy” rating in a report on Tuesday. Truist Financial dropped their price target on V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley started coverage on V2X in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.60.

V2X Stock Down 4.7%

VVX stock opened at $50.81 on Friday. The stock’s 50 day moving average is $47.60 and its 200-day moving average is $48.30. The firm has a market capitalization of $1.61 billion, a PE ratio of 23.10, a P/E/G ratio of 0.58 and a beta of 0.27. V2X has a twelve month low of $41.08 and a twelve month high of $69.75. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.33. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%. V2X’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Sell-side analysts expect that V2X will post 4.16 EPS for the current fiscal 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 dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VVX. LPL Financial LLC grew its position in V2X by 11.0% during the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after buying an additional 508 shares in the last quarter. Vanguard Group Inc. grew its position in V2X by 19.1% during the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company’s stock worth $42,957,000 after buying an additional 144,029 shares in the last quarter. JPMorgan Chase & Co. grew its position in V2X by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 345,411 shares of the company’s stock worth $16,521,000 after buying an additional 4,618 shares in the last quarter. Alliancebernstein L.P. grew its position in V2X by 17.4% during the fourth quarter. Alliancebernstein L.P. now owns 11,520 shares of the company’s stock worth $551,000 after buying an additional 1,710 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in V2X by 17.1% during the fourth quarter. Geode Capital Management LLC now owns 321,179 shares of the company’s stock worth $15,366,000 after purchasing an additional 46,932 shares during the last quarter. 95.18% of the stock is currently 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.