V2X (NYSE:VVX) Shares Gap Up - Still a Buy?

V2X, Inc. (NYSE:VVX - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $47.08, but opened at $48.41. V2X shares last traded at $46.69, with a volume of 32,547 shares traded.

Analysts Set New Price Targets

Several brokerages have weighed in on VVX. Truist Financial dropped their target price on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Raymond James decreased their price target on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their price target on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley began coverage on V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.67.

V2X Price Performance

The company has a 50 day moving average of $48.98 and a two-hundred day moving average of $50.93. The firm has a market cap of $1.50 billion, a P/E ratio of 169.38, a PEG ratio of 0.61 and a beta of 0.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results 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 return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the business posted $0.90 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts expect that V2X, Inc. will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of V2X by 23.8% during the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after purchasing an additional 714,722 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of V2X by 2.8% during the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock valued at $45,290,000 after purchasing an additional 25,222 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 during the last quarter. Simcoe Capital Management LLC lifted its holdings in shares of V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock valued at $35,057,000 after purchasing an additional 525,204 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of V2X by 61.1% during the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after purchasing an additional 178,136 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

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.