V2X, Inc. (NYSE:VVX – Get Free Report)’s stock price was up 4.1% on Monday . The stock traded as high as $43.82 and last traded at $43.58. Approximately 17,388 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 70,074 shares. The stock had previously closed at $41.86.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of V2X from $62.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Raymond James decreased their price objective on shares of V2X from $65.00 to $60.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 7th. Finally, JMP Securities started coverage on V2X in a report on Monday. They issued an “outperform” rating and a $65.00 target price on the stock.
V2X Price Performance
V2X (NYSE:VVX – Get Free Report) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $966.66 million. V2X had a positive return on equity of 11.00% and a negative net margin of 0.84%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. On average, sell-side analysts predict that V2X, Inc. will post 3.65 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Management Inc. purchased a new stake in V2X in the 1st quarter valued at $29,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of V2X during the fourth quarter worth about $31,000. Tower Research Capital LLC TRC grew its holdings in shares of V2X by 289.5% during the third quarter. Tower Research Capital LLC TRC now owns 853 shares of the company’s stock worth $44,000 after buying an additional 634 shares during the last quarter. Amalgamated Bank acquired a new position in V2X in the 4th quarter valued at about $62,000. Finally, Wells Fargo & Company MN purchased a new stake in V2X during the 4th quarter valued at approximately $84,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.
V2X Company Profile
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.
- Five stocks we like better than V2X
- Growth Stocks: What They Are, Examples and How to Invest
- Left for dead, Tower Semiconductor is a phoenix rising
- 3 Healthcare Dividend Stocks to Buy
- 3 specialty apparel makers ready to spring higher
- With Risk Tolerance, One Size Does Not Fit All
- Boeing’s future sealed as China resumes order flow
Receive News & Ratings for V2X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V2X and related companies with MarketBeat.com's FREE daily email newsletter.