V2X (NYSE:VVX) Price Target Raised to $60.00

V2X (NYSE:VVX) had its price target hoisted by Royal Bank Of Canada from $54.00 to $60.00 in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.

VVX has been the subject of a number of other reports. Bank of America raised shares of V2X from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Morgan Stanley increased their price objective on V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Friday, September 19th. The Goldman Sachs Group raised their target price on V2X from $45.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of V2X in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on V2X from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.40.

V2X Trading Up 0.1%

Shares of NYSE VVX opened at $56.33 on Tuesday. V2X has a 12-month low of $41.08 and a 12-month high of $69.75. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $57.26 and its 200 day simple moving average is $52.20.

V2X (NYSE:VVX) last issued its earnings results on Monday, November 3rd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. V2X had a return on equity of 15.28% and a net margin of 1.63%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $1.29 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Equities research analysts expect that V2X will post 4.16 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dino M. Cusumano sold 1,700,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the sale, the director owned 8,000,001 shares in the company, valued at $417,600,052.20. This represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of V2X stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the transaction, the insider directly owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,400,000 shares of company stock worth $277,480,000 in the last three months. Company insiders own 0.88% of the company’s stock.

Institutional Trading of V2X

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reinhart Partners LLC. boosted its holdings in V2X by 206.8% during the third quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after buying an additional 599,921 shares in the last quarter. Nuveen LLC acquired a new stake in shares of V2X during the 1st quarter valued at $19,753,000. Ophir Asset Management Pty Ltd boosted its stake in shares of V2X by 80.7% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock worth $28,980,000 after acquiring an additional 273,977 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of V2X in the 1st quarter worth $11,036,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of V2X during the first quarter worth $8,853,000. 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.