V2X’s (VVX) Market Outperform Rating Reiterated at JMP Securities

V2X (NYSE:VVX)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a report released on Friday,Benzinga reports. They presently have a $80.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 55.03% from the company’s current price.

Several other equities analysts also recently commented on VVX. Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 price objective (down from $70.00) on shares of V2X in a report on Thursday, December 19th. BTIG Research assumed coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. Baird R W upgraded V2X to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Raymond James reissued an “outperform” rating and set a $65.00 target price (down from $72.00) on shares of V2X in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.86.

V2X Stock Performance

NYSE:VVX traded down $0.08 during mid-day trading on Friday, reaching $51.60. 11,649 shares of the company’s stock were exchanged, compared to its average volume of 184,995. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.63 billion, a PE ratio of 184.17 and a beta of 0.59. V2X has a one year low of $37.04 and a one year high of $69.75. The business’s fifty day simple moving average is $54.96 and its two-hundred day simple moving average is $54.52.

V2X (NYSE:VVX) last issued its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.73 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts anticipate that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently modified their holdings of VVX. Quest Partners LLC lifted its holdings in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the period. US Bancorp DE boosted its holdings in shares of V2X by 81.0% in 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. nVerses Capital LLC bought a new stake in V2X in the third quarter worth about $95,000. SG Americas Securities LLC purchased a new stake in shares of V2X during the 3rd quarter valued at $199,000. Finally, Quadrature Capital Ltd bought a new stake in shares of V2X during the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.