V2X (NYSE:VVX) Price Target Raised to $95.00

V2X (NYSE:VVX) had its price target boosted by BTIG Research from $90.00 to $95.00 in a report published on Wednesday, MarketBeat reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on VVX. Truist Financial reiterated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of V2X in a research note on Tuesday. Citigroup reissued a “market outperform” rating on shares of V2X in a research note on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of V2X in a report on Tuesday, September 8th. Wall Street Zen downgraded shares of V2X from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Robert W. Baird downgraded shares of V2X from an “outperform” rating to a “neutral” rating and set a $94.00 target price for the company. in a research note on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.90.

V2X Stock Up 2.6%

VVX stock traded up $1.89 during midday trading on Wednesday, hitting $75.90. The stock had a trading volume of 319,669 shares, compared to its average volume of 369,847. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.65 and a beta of 0.19. The business has a 50-day moving average of $73.99 and a two-hundred day moving average of $74.11. V2X has a 52-week low of $50.89 and a 52-week high of $93.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.32 and a quick ratio of 1.32.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 2nd. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.49 by $0.15. V2X had a return on equity of 18.14% and a net margin of 1.98%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that V2X will post 6.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On V2X

Several institutional investors and hedge funds have recently modified their holdings of VVX. Squarepoint Ops LLC grew its position in V2X by 112.9% during the 2nd quarter. Squarepoint Ops LLC now owns 87,297 shares of the company’s stock valued at $6,509,000 after purchasing an additional 46,298 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in V2X during the 2nd quarter valued at about $8,718,000. Allianz Asset Management GmbH purchased a new position in V2X in the second quarter worth about $2,259,000. Coppell Advisory Solutions LLC purchased a new position in V2X in the second quarter worth about $1,094,000. Finally, Jupiter Topco LLC purchased a new position in V2X in the second quarter worth about $3,124,000. 95.18% of the stock is currently owned by institutional investors.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.