V2X (NYSE:VVX – Free Report) had its price target hoisted by Raymond James from $60.00 to $65.00 in a research note published on Wednesday, Benzinga reports. They currently have a strong-buy rating on the stock.
Separately, Royal Bank of Canada lifted their target price on V2X from $60.00 to $62.00 and gave the company an outperform rating in a report on Wednesday.
V2X Trading Up 2.3 %
V2X (NYSE:VVX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.35. The company had revenue of $977.85 million for the quarter, compared to the consensus estimate of $898.53 million. V2X had a positive return on equity of 12.75% and a negative net margin of 1.12%. V2X’s revenue for the quarter was up 96.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 earnings per share. On average, research analysts predict that V2X will post 4.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On V2X
Several institutional investors and hedge funds have recently bought and sold shares of VVX. FMR LLC boosted its holdings in shares of V2X by 3.8% during the first quarter. FMR LLC now owns 2,101,366 shares of the company’s stock worth $83,466,000 after purchasing an additional 77,530 shares during the period. BlackRock Inc. raised its holdings in V2X by 0.3% during the 1st quarter. BlackRock Inc. now owns 1,411,388 shares of the company’s stock worth $56,060,000 after purchasing an additional 4,720 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in V2X during the 4th quarter worth about $28,115,000. State Street Corp raised its holdings in V2X by 0.8% during the 1st quarter. State Street Corp now owns 449,409 shares of the company’s stock worth $17,851,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of V2X by 12.1% in the 1st quarter. Russell Investments Group Ltd. now owns 438,650 shares of the company’s stock valued at $17,423,000 after acquiring an additional 47,415 shares during the last quarter. Institutional investors and hedge funds own 95.20% of the company’s stock.
About V2X
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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