V2X, Inc. (NYSE:VVX) Receives $61.88 Average Target Price from Analysts

Shares of V2X, Inc. (NYSE:VVX) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $61.8750.

Several research firms have recently weighed in on VVX. Citigroup increased their price objective on V2X from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada increased their price target on shares of V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, November 4th. Truist Financial restated a “hold” rating and set a $65.00 price objective on shares of V2X in a report on Wednesday, January 14th. Morgan Stanley reaffirmed an “underweight” rating and set a $61.00 price objective on shares of V2X in a research report on Tuesday, December 16th. Finally, Zacks Research raised V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th.

V2X Trading Down 2.1%

Shares of NYSE:VVX opened at $63.90 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 25.56, a P/E/G ratio of 0.59 and a beta of 0.13. The stock’s 50-day moving average is $60.36 and its 200-day moving average is $57.31. V2X has a 52-week low of $41.08 and a 52-week high of $71.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.20.

V2X (NYSE:VVX) last posted its quarterly earnings data 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. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 EPS. Equities research analysts predict that V2X will post 4.16 earnings per share for the current year.

Insider Activity at V2X

In other news, major shareholder American Industrial Partners C sold 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $55.05, for a total transaction of $66,060,000.00. Following the sale, the insider directly owned 4,550,001 shares in the company, valued at approximately $250,477,555.05. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dino M. Cusumano sold 2,250,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the completion of the transaction, the director directly owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,700,000 shares of company stock worth $313,560,000 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Large investors have recently modified their holdings of the stock. Abacus Wealth Partners LLC acquired a new stake in shares of V2X in the 4th quarter valued at $229,000. LRI Investments LLC lifted its holdings in V2X by 95.4% during the 4th quarter. LRI Investments LLC now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 944 shares during the last quarter. Ethic Inc. raised its stake in shares of V2X by 7.5% in the fourth quarter. Ethic Inc. now owns 19,323 shares of the company’s stock valued at $1,054,000 after acquiring an additional 1,348 shares during the last quarter. Danske Bank A S acquired a new position in V2X in the fourth quarter worth $100,000. Finally, Oppenheimer Asset Management Inc. lifted its position in V2X by 35.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,010 shares of the company’s stock worth $819,000 after buying an additional 3,920 shares in the last quarter. 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.