Brokerages Set V2X, Inc. (NYSE:VVX) PT at $61.88

Shares of V2X, Inc. (NYSE:VVX) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.8750.

Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of V2X from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Truist Financial reissued a “hold” rating and issued a $65.00 target price on shares of V2X in a research report on Wednesday, January 14th. Stifel Nicolaus lifted their price target on shares of V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised their price objective on V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley restated an “underweight” rating and set a $61.00 price objective on shares of V2X in a research report on Tuesday, December 16th.

V2X Trading Up 0.6%

NYSE:VVX opened at $68.82 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01. V2X has a 12 month low of $41.08 and a 12 month high of $71.40. The company has a 50-day moving average price of $59.46 and a 200-day moving average price of $56.94. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 0.62 and a beta of 0.12.

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. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 EPS. Equities analysts predict that V2X will post 4.16 EPS for the current year.

Insider Activity at V2X

In other news, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the transaction, the director owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder American Industrial Partners C sold 2,250,000 shares of V2X stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the sale, the insider owned 5,750,001 shares in the company, valued at approximately $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,700,000 shares of company stock valued at $313,560,000 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V2X

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in V2X by 46.6% in the 1st quarter. Royal Bank of Canada now owns 5,813 shares of the company’s stock worth $284,000 after acquiring an additional 1,847 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in V2X by 22.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company’s stock valued at $484,000 after purchasing an additional 1,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in V2X by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company’s stock valued at $2,430,000 after purchasing an additional 4,747 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of V2X during the 1st quarter valued at about $329,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of V2X in the 2nd quarter valued at approximately $25,000. 95.18% of the stock is 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.