Analysts Set V2X, Inc. (NYSE:VVX) Price Target at $63.67

Shares of V2X, Inc. (NYSE:VVX - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.67.

A number of equities analysts have issued reports on VVX shares. Royal Bank Of Canada cut their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Truist Financial cut their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley started coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Finally, Raymond James Financial dropped their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th.

V2X Stock Up 0.9%

VVX stock traded up $0.40 during mid-day trading on Thursday, reaching $44.94. 243,064 shares of the company traded hands, compared to its average volume of 209,112. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 0.49 and a beta of 0.21. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.05. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The firm's 50 day moving average price is $47.62 and its 200 day moving average price is $49.18.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. V2X had a return on equity of 13.97% and a net margin of 0.96%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts predict that V2X will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 2,200 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $103,070.00. Following the completion of the sale, the senior vice president now directly owns 19,869 shares of the company's stock, valued at $930,862.65. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of V2X by 3.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock valued at $353,000 after purchasing an additional 266 shares during the period. Summit Investment Advisors Inc. boosted its holdings in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares during the period. Corebridge Financial Inc. grew its stake in V2X by 7.1% in the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock valued at $337,000 after buying an additional 470 shares in the last quarter. LPL Financial LLC raised its holdings 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 period. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after acquiring an additional 558 shares during the period. 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.