V2X (NYSE:VVX) Raised to "Buy" at Wall Street Zen

Key Points

• V2X has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, with an average rating of "Moderate Buy" and a consensus target price of $63.60.
• The stock is currently valued at $50.81, and has seen a decline of 4.7% recently, despite a reported earnings per share (EPS) of $1.33 exceeding analysts' expectations for the last quarter.
• Insider trading activity included SVP Richard L. Jr. Caputo selling 4,000 shares at an average price of $44.43, reducing his ownership stake by 20.13%.

V2X (NYSE:VVX - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other brokerages also recently commented on VVX. 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. 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 target price on the stock. Finally, Truist Financial dropped their target price on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.60.

V2X Trading Up 2.9%

NYSE:VVX traded up $1.54 during mid-day trading on Friday, hitting $54.47. 221,920 shares of the stock traded hands, compared to its average volume of 253,707. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 0.55 and a beta of 0.27. V2X has a 52 week low of $41.08 and a 52 week high of $69.75. The firm's 50 day moving average is $47.78 and its two-hundred day moving average is $48.22. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

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

Insider Buying and Selling at V2X

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares in the company, valued at approximately $705,059.67. This trade represents a 20.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company's stock.

Institutional Trading of V2X

A number of institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after buying an additional 714,722 shares in the last quarter. Vanguard Group Inc. boosted its stake in V2X by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock worth $45,290,000 after purchasing an additional 25,222 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in V2X by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock worth $42,035,000 after purchasing an additional 97,399 shares in the last quarter. Simcoe Capital Management LLC boosted its stake 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 purchasing an additional 525,204 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.

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.