V2X (NYSE:VVX) Upgraded 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.

Other equities analysts also recently issued reports about the stock. Morgan Stanley began coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price for the company. 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, Truist Financial dropped their target price 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.36.

V2X Price Performance

VVX stock traded up $5.06 during trading on Friday, hitting $59.62. 217,346 shares of the stock traded hands, compared to its average volume of 254,219. V2X has a one year low of $41.08 and a one year high of $69.75. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 0.58 and a beta of 0.27. The company has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $48.27. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX - Get Free Report) last announced 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 net margin of 1.63% and a return on equity of 15.28%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.83 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that V2X will post 4.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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. This represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in V2X in the 1st quarter worth $1,392,000. Allspring Global Investments Holdings LLC boosted its stake in V2X by 53.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock worth $930,000 after purchasing an additional 6,629 shares during the period. Point72 Asset Management L.P. acquired a new position in V2X in the 4th quarter worth $818,000. Jump Financial LLC acquired a new position in V2X in the 4th quarter worth $831,000. Finally, Invesco Ltd. boosted its holdings in V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after purchasing an additional 17,232 shares during the last quarter. Institutional investors and hedge funds 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.