V2X (NYSE:VVX) Now Covered by Analysts at Citigroup

Citigroup assumed coverage on shares of V2X (NYSE:VVX) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $64.00 price target on the stock.

A number of other equities analysts have also weighed in on VVX. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Robert W. Baird began coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. BTIG Research began coverage on V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.50.

V2X Price Performance

Shares of V2X stock opened at $53.59 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50 day simple moving average is $53.99 and its two-hundred day simple moving average is $54.74. The stock has a market capitalization of $1.69 billion, a P/E ratio of 191.39, a price-to-earnings-growth ratio of 0.62 and a beta of 0.59. V2X has a one year low of $37.04 and a one year high of $69.75.

V2X (NYSE:VVX) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for 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 company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. Analysts forecast that V2X will post 4.16 EPS for the current year.

Insider Buying and Selling at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V2X

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of V2X in the 3rd quarter valued at $95,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after purchasing an additional 814 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of V2X during the 3rd quarter valued at $199,000. Finally, Quadrature Capital Ltd acquired a new position in V2X in the 3rd quarter worth $207,000. Institutional investors and hedge funds 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.