Brokerages Set V2X, Inc. (NYSE:VVX) Price Target at $62.60

Shares of V2X, Inc. (NYSE:VVX) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $62.60.

Several research analysts recently weighed in on VVX shares. Stifel Nicolaus set a $63.00 price target on V2X and gave the company a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley boosted their target price on V2X from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Friday, September 19th. Bank of America upgraded V2X from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Wall Street Zen upgraded V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Finally, Zacks Research upgraded V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th.

V2X Stock Up 2.2%

NYSE:VVX opened at $61.41 on Wednesday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 0.62 and a beta of 0.25. V2X has a 1-year low of $41.08 and a 1-year high of $69.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average price is $57.42 and its 200 day moving average price is $51.62.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.33. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.V2X’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts forecast that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Transactions at V2X

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the transaction, the director owned 9,700,001 shares in the company, valued at $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the transaction, the insider owned 8,000,001 shares in the company, valued at $417,600,052.20. This trade represents a 17.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,400,000 shares of company stock worth $277,480,000 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealthquest Corp bought a new stake in shares of V2X during the 1st quarter worth about $97,000. Allspring Global Investments Holdings LLC boosted its stake in shares of V2X by 53.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company’s stock worth $930,000 after acquiring an additional 6,629 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of V2X during the 1st quarter worth about $1,392,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of V2X by 37.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,281 shares of the company’s stock worth $161,000 after acquiring an additional 899 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of V2X by 12.9% during the 1st quarter. Bank of New York Mellon Corp now owns 67,284 shares of the company’s stock worth $3,300,000 after acquiring an additional 7,680 shares in the last quarter. Hedge funds and other institutional investors 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.