V2X (NYSE:VVX) Price Target Raised to $55.00

V2X (NYSE:VVX) had its price objective raised by Royal Bank of Canada from $50.00 to $55.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the company. JMP Securities reiterated a market outperform rating and set a $65.00 price target on shares of V2X in a report on Wednesday, March 6th. Stifel Nicolaus upped their price objective on shares of V2X from $52.00 to $56.00 and gave the stock a hold rating in a research report on Wednesday.

V2X Stock Down 1.4 %

Shares of NYSE:VVX traded down $0.69 during trading on Wednesday, reaching $49.24. 63,693 shares of the stock were exchanged, compared to its average volume of 89,304. The stock has a fifty day moving average of $46.10 and a two-hundred day moving average of $43.82. V2X has a 1-year low of $37.04 and a 1-year high of $56.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -66.55 and a beta of 0.68.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, May 7th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.75 by $0.15. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $973.17 million. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. Research analysts anticipate that V2X will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of V2X

Several hedge funds have recently made changes to their positions in VVX. Janney Montgomery Scott LLC lifted its holdings in V2X by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after purchasing an additional 287 shares in the last quarter. EMC Capital Management boosted its holdings in V2X by 19.1% in the 3rd quarter. EMC Capital Management now owns 3,915 shares of the company’s stock valued at $202,000 after purchasing an additional 627 shares during the period. Cape Investment Advisory Inc. purchased a new position in shares of V2X during the 4th quarter valued at $34,000. Allspring Global Investments Holdings LLC increased its holdings in shares of V2X by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock worth $420,000 after purchasing an additional 759 shares during the period. Finally, Barclays PLC boosted its stake in V2X by 10.1% during the third quarter. Barclays PLC now owns 10,108 shares of the company’s stock valued at $521,000 after buying an additional 925 shares during the period. 95.18% of the stock is currently owned by institutional investors.

About V2X

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.