V2X (NYSE:VVX) Given New $83.00 Price Target at Citigroup

V2X (NYSE:VVX) had its price target raised by analysts at Citigroup from $75.00 to $83.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s price target indicates a potential upside of 2.05% from the stock’s current price.

VVX has been the topic of a number of other research reports. Citizens Jmp raised their target price on shares of V2X from $90.00 to $102.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. BTIG Research upped their price target on shares of V2X from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Zacks Research cut shares of V2X from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley increased their price target on V2X from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, Truist Financial reiterated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of V2X in a report on Tuesday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, V2X presently has a consensus rating of “Hold” and an average target price of $89.70.

V2X Trading Down 0.5%

VVX traded down $0.44 on Tuesday, reaching $81.33. 123,843 shares of the company’s stock were exchanged, compared to its average volume of 561,375. V2X has a twelve month low of $50.89 and a twelve month high of $93.98. The company’s 50 day moving average is $74.06 and its 200-day moving average is $74.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 1.36. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 0.59 and a beta of 0.19.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 2nd. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.15. V2X had a net margin of 1.98% and a return on equity of 17.88%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $1.37 earnings per share. V2X’s revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that V2X will post 6.39 earnings per share for the current year.

Hedge Funds Weigh In On V2X

A number of institutional investors and hedge funds have recently bought and sold shares of VVX. BlackRock Inc. acquired a new stake in V2X in the second quarter valued at approximately $189,727,000. Dimensional Fund Advisors LP raised its stake in shares of V2X by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,503,707 shares of the company’s stock valued at $103,001,000 after purchasing an additional 169,980 shares during the period. Bank of America Corp DE purchased a new stake in shares of V2X during the second quarter valued at approximately $87,543,000. Van ECK Associates Corp purchased a new stake in shares of V2X during the second quarter valued at approximately $32,910,000. Finally, Russell Investments Group Ltd. raised its stake in shares of V2X by 51.3% during the third quarter. Russell Investments Group Ltd. now owns 296,123 shares of the company’s stock valued at $20,957,000 after purchasing an additional 100,374 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

About V2X

V2X, Inc. provides mission-critical services and technology to the U.S. government, defense and intelligence organizations, and international customers. Its work supports military operations and other government missions in the United States and around the world. The company’s services include logistics and supply-chain management, base and facility operations, equipment maintenance, engineering, training, information technology, and cybersecurity. V2X also provides operational and technical support intended to help customers manage complex missions and infrastructure.