V2X (NYSE:VVX) Price Target Raised to $56.00

V2X (NYSE:VVX) had its price target upped by Stifel Nicolaus from $52.00 to $56.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

VVX has been the topic of several other research reports. JMP Securities reissued a market outperform rating and issued a $65.00 target price on shares of V2X in a research note on Wednesday, March 6th. Royal Bank of Canada reissued an outperform rating and issued a $50.00 target price on shares of V2X in a research note on Wednesday, March 6th.

V2X Price Performance

V2X stock traded down $0.38 during mid-day trading on Wednesday, reaching $49.55. 8,806 shares of the company’s stock traded hands, compared to its average volume of 88,669. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -67.47 and a beta of 0.68. The stock has a 50 day moving average of $46.10 and a two-hundred day moving average of $43.82. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. V2X has a 12-month low of $37.04 and a 12-month high of $56.75.

V2X (NYSE:VVX) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $973.17 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. V2X’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that V2X will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in V2X by 15.4% in the 3rd quarter. FMR LLC now owns 3,026,115 shares of the company’s stock worth $156,329,000 after buying an additional 402,753 shares during the period. Vanguard Group Inc. increased its position in V2X by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 566,846 shares of the company’s stock valued at $29,283,000 after purchasing an additional 9,308 shares during the period. Goldman Sachs Group Inc. increased its position in V2X by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock valued at $17,010,000 after purchasing an additional 156,866 shares during the period. First Eagle Investment Management LLC increased its position in V2X by 15.4% during the 4th quarter. First Eagle Investment Management LLC now owns 202,066 shares of the company’s stock valued at $9,384,000 after purchasing an additional 26,937 shares during the period. Finally, Invesco Ltd. increased its position in V2X by 5.0% during the 3rd quarter. Invesco Ltd. now owns 173,866 shares of the company’s stock valued at $8,982,000 after purchasing an additional 8,317 shares during the period. 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.