V2X (NYSE:VVX) Price Target Raised to $56.00

V2X (NYSE:VVX) had its target price boosted by analysts at Stifel Nicolaus from $52.00 to $56.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of V2X in a report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of V2X in a research note on Wednesday, March 6th.

V2X Price Performance

NYSE VVX traded up $0.48 during trading hours on Wednesday, reaching $50.38. The company’s stock had a trading volume of 11,976 shares, compared to its average volume of 88,752. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. V2X has a 1 year low of $37.04 and a 1 year high of $56.75. The firm’s 50-day moving average price is $45.86 and its 200-day moving average price is $43.78. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -69.66 and a beta of 0.68.

V2X (NYSE:VVX) last released 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 firm had revenue of $1.01 billion for 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 company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities research analysts predict that V2X will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On V2X

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its holdings in shares of V2X by 22.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 175,129 shares of the company’s stock worth $9,047,000 after purchasing an additional 32,354 shares during the period. FMR LLC boosted its stake in V2X by 15.4% during the third quarter. FMR LLC now owns 3,026,115 shares of the company’s stock worth $156,329,000 after buying an additional 402,753 shares during the period. Moneta Group Investment Advisors LLC bought a new position in V2X during the third quarter valued at $4,048,000. Rice Hall James & Associates LLC raised its stake in shares of V2X by 19.1% in the third quarter. Rice Hall James & Associates LLC now owns 56,826 shares of the company’s stock valued at $2,936,000 after acquiring an additional 9,121 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of V2X in the 3rd quarter worth about $1,433,000. 95.18% of the stock is currently owned by hedge funds and other 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.