V2X’s (VVX) “Market Outperform” Rating Reaffirmed at JMP Securities

V2X (NYSE:VVXGet Free Report)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a report released on Tuesday, Benzinga reports. They presently have a $65.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 71.23% from the company’s current price.

Several other analysts have also issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price (down previously from $59.00) on shares of V2X in a report on Friday, January 5th. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 price objective on shares of V2X in a research note on Friday, January 19th. Finally, Raymond James dropped their price objective on V2X from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 7th.

Read Our Latest Report on V2X

V2X Stock Down 0.6 %

VVX stock opened at $37.96 on Tuesday. V2X has a fifty-two week low of $36.45 and a fifty-two week high of $56.75. The stock has a market capitalization of $1.18 billion, a P/E ratio of -35.48 and a beta of 0.78. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $42.22 and a 200-day moving average of $46.90.

V2X (NYSE:VVXGet Free Report) last released its earnings results on Monday, November 6th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). V2X had a positive return on equity of 11.00% and a negative net margin of 0.84%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $966.66 million. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that V2X will post 3.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On V2X

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of V2X by 2.2% in the second quarter. Raymond James & Associates now owns 16,131 shares of the company’s stock valued at $799,000 after purchasing an additional 340 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of V2X by 6.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,741 shares of the company’s stock valued at $384,000 after purchasing an additional 485 shares during the last quarter. Rhumbline Advisers grew its position in shares of V2X by 3.2% in the first quarter. Rhumbline Advisers now owns 19,703 shares of the company’s stock valued at $783,000 after purchasing an additional 607 shares during the last quarter. Comerica Bank acquired a new position in shares of V2X in the third quarter valued at approximately $32,000. Finally, EMC Capital Management grew its position in shares of V2X by 19.1% in the third quarter. EMC Capital Management now owns 3,915 shares of the company’s stock valued at $202,000 after purchasing an additional 627 shares during the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.

V2X Company Profile

(Get Free Report)

V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.

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