Royal Bank of Canada Increases V2X (NYSE:VVX) Price Target to $55.00

V2X (NYSE:VVX) had its price objective lifted by research analysts at Royal Bank of Canada from $50.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 11.70% from the stock’s current price.

Other research analysts also recently issued reports about the company. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of V2X in a report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday.

V2X Stock Down 1.4 %

Shares of VVX opened at $49.24 on Wednesday. The company has a market capitalization of $1.55 billion, a P/E ratio of -66.54 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. V2X has a one year low of $37.04 and a one year high of $56.75. The business’s 50 day simple moving average is $46.31 and its 200-day simple moving average is $43.86.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, May 7th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.75 by $0.15. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $973.17 million. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. V2X’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, sell-side analysts predict that V2X will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VVX. Cape Investment Advisory Inc. bought a new stake in shares of V2X during the 4th quarter valued at $34,000. Quest Partners LLC bought a new stake in shares of V2X during the 4th quarter valued at $65,000. Strs Ohio bought a new stake in shares of V2X during the 4th quarter valued at $78,000. SG Americas Securities LLC bought a new stake in shares of V2X during the 3rd quarter valued at $126,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of V2X during the 1st quarter valued at $142,000. Institutional investors and hedge funds 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.