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V2X (NYSE:VVX) Stock Rating Lowered by Wall Street Zen

V2X logo with Business Services background

Wall Street Zen downgraded shares of V2X (NYSE:VVX - Free Report) from a buy rating to a hold rating in a research note released on Friday.

A number of other research analysts have also commented on the stock. Morgan Stanley assumed coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target on the stock. Truist Financial dropped their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus began coverage on shares of V2X in a research note on Tuesday, June 24th. They issued a "buy" rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.80.

Read Our Latest Report on V2X

V2X Stock Performance

Shares of NYSE VVX traded up $0.49 during midday trading on Friday, hitting $47.63. 65,045 shares of the company's stock were exchanged, compared to its average volume of 220,997. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16. The stock's 50 day moving average price is $47.14 and its 200-day moving average price is $48.28. The firm has a market cap of $1.51 billion, a P/E ratio of 36.95, a PEG ratio of 0.53 and a beta of 0.24. V2X has a twelve month low of $41.08 and a twelve month high of $69.75.

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

Insiders Place Their Bets

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, the senior vice president owned 15,869 shares of the company's stock, valued at $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company's stock.

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of V2X by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 59,604 shares of the company's stock worth $2,851,000 after purchasing an additional 2,388 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of V2X by 16.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock worth $6,786,000 after purchasing an additional 19,524 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of V2X during the 4th quarter worth approximately $1,150,000. Swiss National Bank grew its holdings in shares of V2X by 12.6% during the 4th quarter. Swiss National Bank now owns 27,700 shares of the company's stock worth $1,325,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in V2X by 273.9% during the fourth quarter. Quantbot Technologies LP now owns 18,489 shares of the company's stock worth $884,000 after acquiring an additional 13,544 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Company Profile

(Get Free Report)

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.

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