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

V2X (NYSE:VVX - Get Free Report) had its target price upped by research analysts at Royal Bank of Canada from $50.00 to $55.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 10.15% from the stock's previous close.

A number of other brokerages have also weighed in on VVX. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of V2X in a research report on Wednesday, March 6th. Stifel Nicolaus lifted their price objective on shares of V2X from $52.00 to $56.00 and gave the stock a "hold" rating in a report on Wednesday.

V2X Trading Up 0.1 %

Shares of V2X stock traded up $0.03 on Wednesday, hitting $49.93. 81,051 shares of the company's stock traded hands, compared to its average volume of 89,593. The company has a fifty day moving average of $45.86 and a two-hundred day moving average of $43.78. V2X has a one year low of $37.04 and a one year high of $56.75. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -67.88 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 (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $973.17 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that V2X will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On V2X

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. purchased a new position in V2X in the 1st quarter worth approximately $142,000. Sei Investments Co. raised its holdings in V2X by 8.3% during the 1st quarter. Sei Investments Co. now owns 21,456 shares of the company's stock valued at $1,002,000 after buying an additional 1,639 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in V2X by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company's stock valued at $475,000 after buying an additional 287 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in V2X by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company's stock worth $420,000 after acquiring an additional 759 shares during the last quarter. Finally, Polaris Capital Management LLC grew its holdings in V2X by 13.6% in the 1st quarter. Polaris Capital Management LLC now owns 37,600 shares of the company's stock worth $1,756,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

About V2X

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.