V2X (NYSE:VVX) Shares Gap Up – Should You Buy?

V2X, Inc. (NYSE:VVX) shares gapped up before the market opened on Wednesday . The stock had previously closed at $50.86, but opened at $52.52. V2X shares last traded at $50.69, with a volume of 31,920 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on VVX shares. Citigroup began coverage on shares of V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective on the stock. Royal Bank of Canada lowered their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday, January 17th. Finally, Raymond James cut their price target on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.38.

V2X Stock Up 0.5 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market cap of $1.61 billion, a P/E ratio of 182.46, a price-to-earnings-growth ratio of 0.61 and a beta of 0.61. The stock’s fifty day moving average is $49.13 and its two-hundred day moving average is $54.04.

Hedge Funds Weigh In On V2X

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of V2X by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock valued at $353,000 after buying an additional 266 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after acquiring an additional 288 shares during the last quarter. Corebridge Financial Inc. raised its position in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock valued at $337,000 after purchasing an additional 470 shares during the last quarter. LPL Financial LLC lifted its stake in V2X by 11.0% in the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after acquiring an additional 508 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its position in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock valued at $201,000 after purchasing an additional 558 shares during the period. 95.18% of the stock is currently owned by institutional investors.

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.