V2X (NYSE:VVX) Given a $63.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Stifel Nicolaus has raised its price target for V2X (NYSE:VVX) from $55.00 to $63.00, indicating a potential upside of 29.05%.
• V2X reported a quarterly EPS of $1.33, surpassing estimates, and its revenue reached $1.08 billion, slightly above expectations.
• Institutional ownership in V2X remains strong, with 95.18% of the stock owned by hedge funds and other institutional investors.

V2X (NYSE:VVX - Get Free Report) has been assigned a $63.00 price target by analysts at Stifel Nicolaus in a report released on Tuesday, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 18.20% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Truist Financial lowered their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley assumed coverage on shares of V2X in a report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target for the company. Finally, Wall Street Zen lowered shares of V2X from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.60.

V2X Trading Down 2.7%

Shares of V2X stock traded down $1.48 during trading hours on Tuesday, hitting $53.30. The company's stock had a trading volume of 446,418 shares, compared to its average volume of 250,062. V2X has a 1-year low of $41.08 and a 1-year high of $69.75. The business has a fifty day moving average of $47.49 and a 200 day moving average of $48.33. The company has a market capitalization of $1.69 billion, a PE ratio of 24.23, a P/E/G ratio of 0.60 and a beta of 0.27. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.33. V2X had a net margin of 1.63% and a return on equity of 15.28%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts forecast that V2X will post 4.16 EPS for the current year.

Insider Buying and Selling

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. This represents a 20.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VVX. KLP Kapitalforvaltning AS bought a new position in V2X during the 4th quarter valued at $134,000. LPL Financial LLC boosted its stake in V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after acquiring an additional 508 shares during the last quarter. Vanguard Group Inc. boosted its stake in V2X by 19.1% during the 4th quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after acquiring an additional 144,029 shares during the last quarter. Corebridge Financial Inc. boosted its stake in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock valued at $337,000 after acquiring an additional 470 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in V2X by 1.4% during the 4th quarter. JPMorgan Chase & Co. now owns 345,411 shares of the company's stock valued at $16,521,000 after acquiring an additional 4,618 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

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.