V2X, Inc. (NYSE:VVX) Stock Now Rated “Hold” by Wall Street Analysts

V2X, Inc. (NYSE:VVX) has been assigned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $88.90.

A number of equities research analysts have recently commented on the company. Zacks Research cut V2X from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price target on V2X from $81.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 3rd. Citigroup reiterated a “market outperform” rating on shares of V2X in a research note on Tuesday, July 28th. Truist Financial reissued a “hold” rating and set a $87.00 price objective (up from $85.00) on shares of V2X in a research report on Tuesday, November 3rd. Finally, Stifel Nicolaus set a $102.00 price objective on shares of V2X in a research report on Tuesday, August 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of V2X by 51.3% in the third quarter. Russell Investments Group Ltd. now owns 296,123 shares of the company’s stock worth $20,957,000 after purchasing an additional 100,374 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of V2X by 922.1% during the third quarter. Fifth Third Bancorp now owns 6,705 shares of the company’s stock valued at $474,000 after purchasing an additional 6,049 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of V2X during the third quarter valued at $490,000. Illinois Municipal Retirement Fund purchased a new stake in shares of V2X during the third quarter valued at $802,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of V2X by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 33,208 shares of the company’s stock valued at $2,350,000 after buying an additional 153 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

V2X Price Performance

Shares of VVX opened at $75.90 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 0.58 and a beta of 0.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 1.36. V2X has a fifty-two week low of $50.89 and a fifty-two week high of $93.98. The firm’s 50-day simple moving average is $73.99 and its two-hundred day simple moving average is $74.11.

V2X (NYSE:VVX) last announced its 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. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. V2X had a net margin of 1.98% and a return on equity of 17.88%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. Analysts anticipate that V2X will post 6.39 earnings per share for the current fiscal year.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.