Analysts Set V2X, Inc. (NYSE:VVX) Target Price at $62.90

Shares of V2X, Inc. (NYSE:VVX) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $62.90.

Several analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley assumed coverage on shares of V2X in a report on Wednesday, April 16th. They set an “underweight” rating and a $51.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Truist Financial decreased their target price on shares of V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Citigroup initiated coverage on V2X in a research note on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price target for the company.

V2X Stock Down 0.1 %

NYSE VVX opened at $49.42 on Wednesday. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The business has a fifty day moving average price of $48.61 and a two-hundred day moving average price of $52.69. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $1.56 billion, a PE ratio of 176.51, a PEG ratio of 0.61 and a beta of 0.45.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of V2X by 3.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock valued at $353,000 after buying an additional 266 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after acquiring an additional 288 shares during the last quarter. Corebridge Financial Inc. increased its position in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock valued at $337,000 after purchasing an additional 470 shares during the period. LPL Financial LLC raised its holdings in V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after purchasing an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock worth $201,000 after purchasing an additional 558 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.