By otakuyassine3@gmail.com 
V2X, Inc. (NYSE:VVX – Get Free Report) shares dropped 4.4% during trading on Thursday . The company traded as low as $50.67 and last traded at $50.78. Approximately 115,182 shares changed hands during trading, a decline of 11% from the average daily volume of 129,580 shares. The stock had previously closed at $53.11.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Raymond James upped their target price on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday. JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. BTIG Research assumed coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Finally, The Goldman Sachs Group started coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.86.
Read Our Latest Stock Analysis on V2X
V2X Stock Down 0.1 %
The company has a market cap of $1.55 billion, a P/E ratio of 175.04 and a beta of 0.55. The stock has a 50-day moving average of $60.79 and a two-hundred day moving average of $54.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.
V2X (NYSE:VVX – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. On average, research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current fiscal year.
Insider Buying and Selling at V2X
In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the sale, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On V2X
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of V2X by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,090 shares of the company’s stock valued at $3,218,000 after purchasing an additional 5,498 shares during the period. Peregrine Capital Management LLC purchased a new stake in shares of V2X in the second quarter worth $6,982,000. Rhumbline Advisers grew its stake in shares of V2X by 4.3% in the second quarter. Rhumbline Advisers now owns 20,991 shares of the company’s stock worth $1,007,000 after acquiring an additional 863 shares during the last quarter. Quest Partners LLC increased its holdings in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares in the last quarter. Finally, Factorial Partners LLC lifted its stake in shares of V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock worth $2,590,000 after buying an additional 12,000 shares in the last quarter. 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.
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