V2X (NYSE:VVX) Given New $72.00 Price Target at Raymond James

V2X (NYSE:VVX) had its target price boosted by Raymond James from $60.00 to $72.00 in a report released on Tuesday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

Several other analysts have also issued reports on VVX. Robert W. Baird initiated coverage on V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of V2X in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.60.

V2X Stock Up 1.2 %

VVX stock opened at $62.68 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 223.87 and a beta of 0.57. The business’s fifty day moving average price is $57.42 and its two-hundred day moving average price is $51.79. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $66.00.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share 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 analysts’ expectations of $1.07 billion. V2X had a return on equity of 13.52% and a net margin of 0.22%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. On average, equities analysts anticipate that V2X will post 4.11 earnings per share for the current year.

Insider Activity

In other news, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now 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 document filed with the SEC, which is available at this link. In other news, CFO Shawn Mural purchased 937 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $44,976.00. Following the completion of the purchase, the chief financial officer now owns 1,437 shares of the company’s stock, valued at $68,976. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 11,936 shares of company stock valued at $572,928. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V2X

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of V2X by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock valued at $420,000 after acquiring an additional 759 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of V2X by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock valued at $475,000 after acquiring an additional 287 shares in the last quarter. Sei Investments Co. increased its holdings in shares of V2X by 8.3% during the first quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,639 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of V2X during the first quarter valued at approximately $142,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of V2X during the first quarter valued at approximately $307,000. 95.18% of the stock is currently owned by institutional investors.

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.