V2X (NYSE:VVX) Earns Buy Rating from Analysts at BTIG Research

BTIG Research initiated coverage on shares of V2X (NYSE:VVX) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $80.00 target price on the stock.

Several other research firms have also commented on VVX. Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. Raymond James increased their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of V2X in a research report on Tuesday, November 5th. Finally, JMP Securities increased their price objective on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, V2X currently has an average rating of “Buy” and an average target price of $72.17.

V2X Stock Performance

VVX opened at $60.58 on Monday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 216.44 and a beta of 0.57. The company has a fifty day moving average of $60.23 and a 200 day moving average of $52.95. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. As a group, sell-side analysts forecast that V2X will post 4.14 earnings per share for the current fiscal year.

Insider Transactions at V2X

In related news, Director Eric M. Pillmore acquired 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. This represents a 8.14 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Jeremy John Nance sold 2,500 shares of V2X 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 sale, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On V2X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VVX. State Board of Administration of Florida Retirement System bought a new stake in V2X during the 1st quarter valued at about $307,000. Vanguard Group Inc. increased its position in V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after purchasing an additional 5,259 shares during the period. CANADA LIFE ASSURANCE Co increased its position in V2X by 287.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,403 shares of the company’s stock valued at $346,000 after purchasing an additional 5,491 shares during the period. Quadrature Capital Ltd purchased a new position in V2X during the 1st quarter valued at about $436,000. Finally, Price T Rowe Associates Inc. MD increased its position in V2X by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,587 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,267 shares during the period. 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.