The Goldman Sachs Group Forecasts Strong Price Appreciation for V2X (NYSE:VVX) Stock

Key Points

• The Goldman Sachs Group has raised its price target for V2X (NYSE:VVX) from $45.00 to $50.00, indicating a potential downside of 15.20% from the previous close, while maintaining a "sell" rating.
• V2X stock has recently increased by 8.1%, reaching $58.96 during trading, with a market capitalization of $1.87 billion.
• V2X reported earnings per share of $1.33 for the last quarter, surpassing estimates, with a revenue of $1.08 billion, reflecting a year-over-year increase of 0.6%.

V2X (NYSE:VVX - Free Report) had its target price boosted by The Goldman Sachs Group from $45.00 to $50.00 in a report issued on Wednesday,Benzinga reports. They currently have a sell rating on the stock.

A number of other analysts have also recently commented on the stock. Wall Street Zen upgraded shares of V2X from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research note on Wednesday. Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley began coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, V2X currently has an average rating of "Moderate Buy" and an average target price of $63.36.

V2X Stock Up 2.4%

Shares of VVX stock traded up $1.43 on Wednesday, hitting $61.52. The company's stock had a trading volume of 546,950 shares, compared to its average volume of 414,187. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.63 and a beta of 0.27. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The firm's fifty day moving average price is $48.93 and its 200-day moving average price is $48.41.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share 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 firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that V2X will post 4.16 EPS for the current year.

Insider Buying and Selling at V2X

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the transaction, the director owned 9,700,001 shares of the company's stock, valued at $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president owned 15,869 shares of the company's stock, valued at approximately $705,059.67. This represents a 20.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,006,200 shares of company stock worth $100,280,790 over the last 90 days. 0.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On V2X

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in V2X by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock valued at $45,290,000 after buying an additional 25,222 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of V2X by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock valued at $42,035,000 after purchasing an additional 97,399 shares in the last quarter. Simcoe Capital Management LLC raised its holdings in V2X by 252.8% in the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after acquiring an additional 525,204 shares during the last quarter. Ophir Asset Management Pty Ltd boosted its stake in shares of V2X by 80.7% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company's stock worth $28,980,000 after acquiring an additional 273,977 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of V2X by 61.1% during the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after buying an additional 178,136 shares in 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.