V2X (NYSE:VVX) Coverage Initiated at Citigroup

Research analysts at Citigroup started coverage on shares of V2X (NYSE:VVX) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $62.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 13.37% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. 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. Wall Street Zen upgraded shares of V2X from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Stifel Nicolaus upped their price objective on shares of V2X from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Truist Financial raised their target price on shares of V2X from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, V2X currently has a consensus rating of “Hold” and an average target price of $62.44.

V2X Price Performance

VVX stock opened at $54.69 on Thursday. V2X has a 1 year low of $41.08 and a 1 year high of $63.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50 day moving average price is $56.39 and its 200 day moving average price is $53.22. The firm has a market cap of $1.72 billion, a P/E ratio of 21.87, a PEG ratio of 0.56 and a beta of 0.12.

V2X (NYSE:VVX) last released its quarterly 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 15.22% and a net margin of 1.81%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $1.29 earnings per share. V2X’s revenue was up 7.9% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts expect that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Activity at V2X

In other V2X news, major shareholder American Industrial Partners C sold 2,250,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the transaction, the insider owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dino M. Cusumano sold 2,250,000 shares of V2X stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the transaction, the director owned 5,750,001 shares in the company, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of V2X

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of V2X by 21.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company’s stock worth $8,470,000 after purchasing an additional 30,800 shares during the period. Cornerstone Select Advisors LLC purchased a new stake in shares of V2X during the 1st quarter worth about $228,000. Vanguard Group Inc. increased its position in V2X by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 923,334 shares of the company’s stock worth $45,290,000 after purchasing an additional 25,222 shares in the last quarter. Jump Financial LLC increased its position in V2X by 29.6% during the 1st quarter. Jump Financial LLC now owns 22,516 shares of the company’s stock worth $1,104,000 after purchasing an additional 5,146 shares in the last quarter. Finally, Nuveen LLC purchased a new position in V2X in the first quarter valued at approximately $19,753,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.