V2X (NYSE:VVX) Shares Gap Up on Analyst Upgrade

Key Points

• V2X, Inc. shares gapped up after Goldman Sachs raised its price target from $45.00 to $50.00, opening at $57.61 after a previous close of $54.56.
• Analysts have varied opinions on V2X, with a consensus rating of Moderate Buy and a target price of $63.36, while Bank of America boosted its rating to buy and increased the target to $65.00.
• V2X reported earnings of $1.33 per share, exceeding estimates of $1.00, and showed a 0.6% year-over-year revenue growth for the recent quarter.

V2X, Inc. (NYSE:VVX - Get Free Report)'s stock price gapped up before the market opened on Wednesday after The Goldman Sachs Group raised their price target on the stock from $45.00 to $50.00. The stock had previously closed at $54.56, but opened at $57.61. The Goldman Sachs Group currently has a sell rating on the stock. V2X shares last traded at $58.44, with a volume of 77,749 shares traded.

Other research analysts also recently issued research reports about the company. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target for the company. Stifel Nicolaus set a $63.00 target price on V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, V2X currently has an average rating of "Moderate Buy" and a consensus price target of $63.36.

Insiders Place Their Bets

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the completion of the transaction, the director owned 9,700,001 shares in the company, valued at $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. 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. Insiders own 0.88% of the company's stock.

Institutional Trading of V2X

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in V2X by 3.7% during 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 last quarter. Ameritas Investment Partners Inc. increased its stake in shares of V2X by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company's stock worth $85,000 after purchasing an additional 275 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after purchasing an additional 288 shares during the period. BOK Financial Private Wealth Inc. increased its stake in shares of V2X by 7.1% in the second quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company's stock worth $262,000 after purchasing an additional 356 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of V2X by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,788 shares of the company's stock worth $427,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Stock Up 0.5%

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 stock has a market capitalization of $1.96 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 0.63 and a beta of 0.27. The firm has a 50 day moving average of $48.93 and a 200-day moving average of $48.41.

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

V2X Company Profile

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.