Stifel Nicolaus Begins Coverage on V2X (NYSE:VVX)

Analysts at Stifel Nicolaus began coverage on shares of V2X (NYSE:VVX - Get Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $55.00 price target on the stock. Stifel Nicolaus' target price suggests a potential upside of 13.23% from the stock's previous close.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada cut their price target on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Truist Financial dropped their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James Financial reduced their target price on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Finally, Morgan Stanley assumed coverage on V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, V2X has an average rating of "Moderate Buy" and a consensus target price of $62.80.

V2X Stock Performance

V2X stock traded up $0.11 during midday trading on Tuesday, reaching $48.58. The stock had a trading volume of 153,152 shares, compared to its average volume of 211,324. The firm has a market capitalization of $1.54 billion, a PE ratio of 37.64, a P/E/G ratio of 0.52 and a beta of 0.21. V2X has a 12 month low of $41.08 and a 12 month high of $69.75. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.05. The firm's 50-day moving average price is $47.30 and its 200 day moving average price is $48.61.

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

Insider Activity at V2X

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

Hedge Funds Weigh In On V2X

A number of large investors have recently modified their holdings of VVX. Point72 Asset Management L.P. purchased a new position in shares of V2X during the fourth quarter worth approximately $818,000. Jump Financial LLC purchased a new position in V2X in the 4th quarter worth $831,000. Invesco Ltd. lifted its stake in V2X by 8.2% in the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after purchasing an additional 17,232 shares during the last quarter. Two Sigma Investments LP lifted its stake in V2X by 162.7% in the fourth quarter. Two Sigma Investments LP now owns 61,633 shares of the company's stock worth $2,948,000 after purchasing an additional 38,169 shares during the last quarter. Finally, Bullseye Asset Management LLC purchased a new stake in V2X during the fourth quarter valued at about $2,492,000. 95.18% of the stock is owned by hedge funds and other 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.