V2X (NYSE:VVX) Stock Rating Reaffirmed by JMP Securities

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

Several other brokerages also recently weighed in on VVX. Stifel Nicolaus restated a “hold” rating and set a $52.00 target price (down from $59.00) on shares of V2X in a research note on Friday, January 5th. Raymond James reduced their price target on shares of V2X from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $55.00 price target on shares of V2X in a research report on Friday, January 19th.

Check Out Our Latest Analysis on V2X

V2X Trading Down 0.6 %

VVX stock opened at $37.96 on Tuesday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -35.48 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $42.22 and a 200-day simple moving average of $46.90. V2X has a 52 week low of $36.45 and a 52 week high of $56.75.

V2X (NYSE:VVXGet Free Report) last announced its quarterly 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 negative net margin of 0.84% and a positive return on equity of 11.00%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $966.66 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts expect that V2X will post 3.66 EPS for the current year.

Institutional Investors Weigh In On V2X

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of V2X by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 5,267 shares of the company’s stock valued at $245,000 after acquiring an additional 814 shares during the period. BNP Paribas Financial Markets increased its stake in shares of V2X by 108.1% during the fourth quarter. BNP Paribas Financial Markets now owns 23,979 shares of the company’s stock valued at $1,114,000 after acquiring an additional 12,458 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of V2X by 101.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,588 shares of the company’s stock valued at $167,000 after acquiring an additional 1,805 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of V2X during the fourth quarter valued at approximately $473,000. Finally, Strs Ohio acquired a new position in shares of V2X during the fourth quarter valued at approximately $78,000. Institutional investors own 95.89% of the company’s stock.

About V2X

(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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