V2X’s (VVX) Outperform Rating Reaffirmed at Royal Bank of Canada

V2X (NYSE:VVX)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $70.00 target price on the stock. Royal Bank of Canada’s price target points to a potential upside of 14.90% from the stock’s previous close.

A number of other research analysts also recently commented on VVX. Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Robert W. Baird began coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $65.20.

V2X Price Performance

Shares of VVX traded down $0.99 during mid-day trading on Tuesday, reaching $60.92. The stock had a trading volume of 164,680 shares, compared to its average volume of 102,269. V2X has a 12 month low of $37.04 and a 12 month high of $66.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -149.75 and a beta of 0.57. The business has a fifty day moving average of $57.29 and a 200 day moving average of $51.69.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Equities analysts predict that V2X will post 4.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric M. Pillmore acquired 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, with a total value of $150,000.00. Following the transaction, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO William Boyd Noon bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $48,000.00. Following the completion of the acquisition, the chief accounting officer now directly owns 10,931 shares in the company, valued at approximately $524,688. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric M. Pillmore acquired 3,125 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now owns 41,516 shares in the company, valued at approximately $1,992,768. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,936 shares of company stock worth $572,928 in the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On V2X

Hedge funds have recently bought and sold shares of the business. Systematic Financial Management LP boosted its holdings in V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after buying an additional 168,886 shares during the last quarter. Vanguard Group Inc. raised its position in shares of V2X by 0.9% in the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after buying an additional 5,259 shares during the last quarter. Factorial Partners LLC boosted its position in V2X by 28.6% during the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock worth $2,590,000 after acquiring an additional 12,000 shares during the last quarter. Sei Investments Co. grew its position in shares of V2X by 243.3% in the second quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after purchasing an additional 52,197 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in V2X by 50.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company’s stock valued at $634,000 after buying an additional 4,419 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.