Royal Bank of Canada Reiterates “Sector Perform” Rating for V2X (NYSE:VVX)

V2X (NYSE:VVX)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $58.00 target price on the stock, down from their prior target price of $70.00. Royal Bank of Canada’s target price would indicate a potential upside of 9.21% from the company’s current price.

VVX has been the subject of a number of other reports. Raymond James increased their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price target on the stock. JMP Securities lifted their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. Finally, Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, V2X has an average rating of “Moderate Buy” and an average price target of $67.86.

V2X Trading Down 5.5 %

V2X stock opened at $53.11 on Thursday. The business has a 50 day moving average price of $61.44 and a two-hundred day moving average price of $54.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 12 month low of $37.04 and a 12 month high of $69.75. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 189.69 and a beta of 0.55.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. As a group, equities analysts forecast that V2X will post 4.14 EPS for the current year.

Insider Buying and Selling

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On V2X

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of V2X by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 83,876 shares of the company’s stock worth $4,685,000 after acquiring an additional 5,072 shares in the last quarter. Barclays PLC boosted its holdings in V2X by 119.8% during the third quarter. Barclays PLC now owns 27,727 shares of the company’s stock worth $1,550,000 after purchasing an additional 15,110 shares during the last quarter. Geode Capital Management LLC grew its position in V2X by 1.6% in the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after purchasing an additional 4,370 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in V2X in the 3rd quarter valued at $706,000. Finally, Orion Portfolio Solutions LLC bought a new stake in V2X during the 3rd quarter worth about $990,000. 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.