V2X (NYSE:VVX) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of V2X (NYSE:VVX) in a research note published on Thursday morning, MarketBeat.com reports. The firm currently has a $58.00 target price on the stock, down from their prior target price of $70.00.

VVX has been the topic of several other reports. Baird R W upgraded 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 report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Raymond James upped their price target on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. BTIG Research began coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, JMP Securities boosted their price objective on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. One research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.86.

V2X Stock Performance

NYSE:VVX opened at $49.04 on Thursday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 175.15 and a beta of 0.55. The business has a 50 day moving average of $61.09 and a 200 day moving average of $54.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X has a 1-year low of $37.04 and a 1-year high of $69.75.

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

Insider Transactions at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC increased its position in V2X by 112.3% during 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of V2X by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after acquiring an additional 394 shares during the last quarter. US Bancorp DE increased its holdings in shares of V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares in the last quarter. Lakewood Asset Management LLC raised its position in shares of V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after purchasing an additional 462 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other 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.