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 given a $63.00 price objective by research analysts at Stifel Nicolaus in a research report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 23.99% from the company's current price.

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

V2X Stock Down 4.7%

VVX stock traded down $2.50 during trading on Tuesday, hitting $50.81. 1,060,695 shares of the company's stock were exchanged, compared to its average volume of 263,019. The business has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $48.30. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 0.58 and a beta of 0.27. V2X has a 52-week low of $41.08 and a 52-week high of $69.75. The company has a current ratio of 1.20, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.

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

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the sale, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. The trade was a 20.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VVX. FMR LLC increased its holdings in shares of V2X by 23.8% during the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after acquiring an additional 714,722 shares during the last quarter. Simcoe Capital Management LLC increased its holdings in shares of V2X by 252.8% during the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock valued at $35,057,000 after acquiring an additional 525,204 shares during the last quarter. Nuveen LLC acquired a new position in shares of V2X during the 1st quarter valued at about $19,753,000. Reinhart Partners LLC. acquired a new position in shares of V2X during the 2nd quarter valued at about $14,083,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of V2X during the 1st quarter valued at about $11,036,000. Institutional investors and hedge funds 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.