V2X (NYSE:VVX) Earns Sector Perform Rating from Royal Bank of Canada

V2X (NYSE:VVX)‘s stock had its “sector perform” rating reiterated by Royal Bank of Canada in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $58.00 price objective on the stock, down from their prior price objective of $70.00. Royal Bank of Canada’s price objective points to a potential upside of 9.21% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group initiated coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 5th. BTIG Research started coverage on V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. Robert W. Baird initiated coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Baird R W upgraded V2X to a “strong-buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

V2X Price Performance

Shares of VVX opened at $53.11 on Thursday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 189.69 and a beta of 0.55. The company’s fifty day simple moving average is $61.44 and its 200 day simple moving average is $54.43. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

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

Insider Buying and Selling

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On V2X

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in V2X by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 83,876 shares of the company’s stock valued at $4,685,000 after buying an additional 5,072 shares in the last quarter. Barclays PLC increased its holdings in shares of V2X by 119.8% during the third quarter. Barclays PLC now owns 27,727 shares of the company’s stock valued at $1,550,000 after acquiring an additional 15,110 shares in the last quarter. Geode Capital Management LLC raised its position in shares of V2X by 1.6% during the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock worth $15,322,000 after purchasing an additional 4,370 shares during the period. Public Employees Retirement System of Ohio bought a new stake in V2X during the 3rd quarter valued at $706,000. Finally, Orion Portfolio Solutions LLC bought a new stake in V2X during the 3rd quarter valued at $990,000. 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.