V2X, Inc. (NYSE:VVX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of V2X, Inc. (NYSE:VVX) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $70.60.

VVX has been the topic of a number of research reports. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Robert W. Baird initiated coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. Raymond James raised their target price on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday. JMP Securities raised their price target on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of V2X in a report on Tuesday.

Insider Activity

In related news, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the purchase, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at approximately $524,688. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jeremy C. Wensinger bought 6,250 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the purchase, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at approximately $300,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,936 shares of company stock worth $572,928. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC boosted its stake in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE raised its position in V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 839 shares during the last quarter. nVerses Capital LLC purchased a new position in V2X during the 3rd quarter worth approximately $95,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in V2X during the 1st quarter worth approximately $142,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Trading Up 1.2 %

VVX stock opened at $62.68 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $1.95 billion, a PE ratio of -156.70 and a beta of 0.57. The firm’s 50-day moving average is $57.42 and its 200 day moving average is $51.79. V2X has a 12 month low of $37.04 and a 12 month high of $66.00.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, research analysts anticipate that V2X will post 4.11 EPS for the current year.

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.