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

V2X (NYSE:VVX) had its price objective cut by Raymond James from $65.00 to $60.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

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

V2X Price Performance

V2X stock opened at $48.90 on Tuesday. The stock has a 50-day moving average price of $48.99 and a two-hundred day moving average price of $54.59. V2X has a 12 month low of $37.58 and a 12 month high of $69.75. The company has a market capitalization of $1.54 billion, a PE ratio of 174.65, a P/E/G ratio of 0.61 and a beta of 0.60. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

Hedge Funds Weigh In On V2X

Several hedge funds and other institutional investors have recently bought and sold shares of VVX. The Manufacturers Life Insurance Company grew its holdings in V2X by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock worth $353,000 after acquiring an additional 266 shares during the period. Summit Investment Advisors Inc. grew its stake in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock worth $71,000 after purchasing an additional 288 shares during the period. Assenagon Asset Management S.A. increased its holdings in V2X by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares in the last quarter. US Bancorp DE increased its holdings in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares in the last quarter. Finally, Corebridge Financial Inc. lifted its stake in V2X by 7.1% in the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock valued at $337,000 after buying an additional 470 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.

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.