V2X (NYSE:VVX) Price Target Cut to $60.00 by Analysts at Raymond James

V2X (NYSE:VVX) had its price objective lowered by equities researchers at Raymond James from $65.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 27.06% from the stock’s previous close.

A number of other analysts have also recently weighed in on VVX. The Goldman Sachs Group assumed coverage on V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. BTIG Research initiated coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. Citigroup started coverage on V2X in a research note on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of V2X in a report on Friday, January 17th. Finally, Royal Bank of Canada dropped their target price on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, V2X currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

V2X Trading Down 3.0 %

Shares of VVX opened at $47.22 on Tuesday. V2X has a 12-month low of $37.58 and a 12-month high of $69.75. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 168.65, a P/E/G ratio of 0.61 and a beta of 0.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $48.87 and its 200 day moving average price is $54.54.

Hedge Funds Weigh In On V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of V2X in the 4th quarter valued at about $45,000. US Bancorp DE raised its stake in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares during the period. Summit Investment Advisors Inc. lifted its holdings in V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after purchasing an additional 288 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of V2X by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after buying an additional 814 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of V2X during the 4th quarter worth about $134,000. 95.18% of the stock is 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.