V2X (NYSE:VVX) Trading Up 4.1%

V2X, Inc. (NYSE:VVX) traded up 4.1% on Monday . The stock traded as high as $43.82 and last traded at $43.58. 17,388 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 70,074 shares. The stock had previously closed at $41.86.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VVX shares. JMP Securities began coverage on shares of V2X in a research note on Monday. They set an “outperform” rating and a $65.00 price target on the stock. Royal Bank of Canada cut their target price on shares of V2X from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 7th. Finally, Raymond James reduced their target price on shares of V2X from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 7th.

V2X Price Performance

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 firm has a 50 day moving average price of $49.63 and a 200-day moving average price of $48.30.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $966.66 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that V2X, Inc. will post 3.65 EPS for the current year.

Hedge Funds Weigh In On V2X

A number of institutional investors and hedge funds have recently modified their holdings of VVX. FMR LLC raised its stake in V2X by 15.4% in the third quarter. FMR LLC now owns 3,026,115 shares of the company’s stock valued at $156,329,000 after buying an additional 402,753 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of V2X during the 4th quarter worth about $10,809,000. Geode Capital Management LLC purchased a new stake in V2X during the fourth quarter worth approximately $8,839,000. Thrivent Financial for Lutherans purchased a new stake in V2X during the second quarter worth approximately $8,349,000. Finally, Royce & Associates LP acquired a new position in V2X in the first quarter valued at approximately $6,507,000. Institutional investors and hedge funds 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.