V2X (NYSE:VVX) Stock Gets Price Target Bump from Citigroup

Key Points

• Citigroup raised its V2X price target from $75 to $83 but maintained a neutral rating; the new target implies 2.05% upside from the prior close.
• Analyst sentiment is broadly cautious: MarketBeat reports an average “Hold” rating and an average price target of $89.70, with five Buy, eight Hold, and one Sell ratings.
• V2X beat quarterly estimates, reporting EPS of $1.64 versus $1.49 expected and revenue of $1.27 billion versus $1.22 billion; revenue increased 8.9% year over year.

V2X (NYSE:VVX - Get Free Report) had its price target raised by investment analysts at Citigroup from $75.00 to $83.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 2.05% from the stock's previous close.

Several other analysts also recently issued reports on the company. Robert W. Baird downgraded V2X from an "outperform" rating to a "neutral" rating and set a $94.00 price objective on the stock. in a research report on Tuesday, August 4th. Wall Street Zen cut V2X from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Morgan Stanley boosted their target price on shares of V2X from $80.00 to $90.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of V2X in a research note on Tuesday, September 8th. Finally, Stifel Nicolaus set a $102.00 target price on shares of V2X in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, V2X currently has an average rating of "Hold" and an average target price of $89.70.

V2X Price Performance

Shares of VVX traded down $0.44 during mid-day trading on Tuesday, reaching $81.33. 123,843 shares of the company's stock were exchanged, compared to its average volume of 561,375. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $74.06 and a two-hundred day simple moving average of $74.17. V2X has a 52-week low of $50.89 and a 52-week high of $93.98. 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 - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.15. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. V2X had a return on equity of 17.88% and a net margin of 1.98%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 EPS. On average, sell-side analysts predict that V2X will post 6.39 EPS for the current fiscal year.

Institutional Investors Weigh In On V2X

Several hedge funds have recently made changes to their positions in VVX. Squarepoint Ops LLC boosted its holdings in V2X by 112.9% in the second quarter. Squarepoint Ops LLC now owns 87,297 shares of the company's stock valued at $6,509,000 after acquiring an additional 46,298 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in V2X during the second quarter worth about $8,718,000. Allianz Asset Management GmbH acquired a new stake in V2X during the second quarter worth about $2,259,000. Coppell Advisory Solutions LLC acquired a new stake in V2X during the second quarter worth about $1,094,000. Finally, Jupiter Topco LLC purchased a new position in shares of V2X in the 2nd quarter worth about $3,124,000. Institutional investors and hedge funds 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.

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