Royal Bank Of Canada Issues Positive Forecast for V2X (NYSE:VVX) Stock Price

V2X (NYSE:VVX) had its target price hoisted by Royal Bank Of Canada from $54.00 to $60.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen upgraded shares of V2X from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of V2X in a report on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Friday, September 19th. Finally, Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, V2X presently has a consensus rating of “Moderate Buy” and an average price target of $63.40.

V2X Price Performance

VVX stock opened at $57.10 on Tuesday. V2X has a 52 week low of $41.08 and a 52 week high of $69.75. The firm has a market capitalization of $1.81 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a fifty day simple moving average of $57.34 and a two-hundred day simple moving average of $52.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 3rd. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. V2X had a net margin of 1.63% and a return on equity of 15.28%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Analysts anticipate that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In other news, major shareholder American Industrial Partners C sold 1,700,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $52.20, for a total value of $88,740,000.00. Following the sale, the insider owned 8,000,001 shares of the company’s stock, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dino M. Cusumano sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the completion of the transaction, the director owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,400,000 shares of company stock worth $277,480,000. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new position in shares of V2X in the second quarter worth about $25,000. LRI Investments LLC bought a new position in shares of V2X in the third quarter worth about $57,000. CWM LLC grew its holdings in shares of V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company’s stock worth $49,000 after purchasing an additional 698 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of V2X by 140.0% in the second quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock worth $52,000 after purchasing an additional 623 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of V2X in the second quarter worth about $73,000. 95.18% of the stock is currently owned by institutional investors.

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.