JMP Securities Forecasts Strong Price Appreciation for V2X (NYSE:VVX) Stock

V2X (NYSE:VVX) had its price objective hoisted by JMP Securities from $65.00 to $80.00 in a report issued on Tuesday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. Baird R W upgraded shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Raymond James increased their price target on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of V2X in a research note on Tuesday. Finally, Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, V2X presently has an average rating of “Buy” and a consensus price target of $70.60.

V2X Stock Down 3.2 %

Shares of VVX opened at $66.65 on Tuesday. The business’s fifty day moving average price is $57.88 and its two-hundred day moving average price is $52.01. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 238.03 and a beta of 0.57. V2X has a 52 week low of $37.04 and a 52 week high of $69.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.08.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, analysts predict that V2X will post 4.14 earnings per share for the current year.

Insider Buying and Selling at V2X

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO William Boyd Noon purchased 1,000 shares of V2X stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at $524,688. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 11,936 shares of company stock valued at $572,928. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of V2X by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock valued at $475,000 after purchasing an additional 287 shares in the last quarter. Quest Partners LLC raised its position in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in V2X by 1.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after acquiring an additional 394 shares in the last quarter. US Bancorp DE boosted 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 acquiring an additional 460 shares during the last quarter. Finally, Lakewood Asset Management LLC grew its stake in shares of V2X by 8.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after acquiring an additional 462 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.

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.