Brokerages Set V2X, Inc. (NYSE:VVX) Price Target at $66.50

V2X, Inc. (NYSE:VVX) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.50.

Several analysts recently commented on VVX shares. Raymond James reaffirmed an “outperform” rating and set a $65.00 price objective (down previously from $72.00) on shares of V2X in a research note on Thursday, January 2nd. BTIG Research initiated coverage on V2X in a report on Monday, November 25th. They set a “buy” rating and a $80.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research report on Friday, January 17th. Citigroup started coverage on shares of V2X in a report on Tuesday, January 21st. They set a “buy” rating and a $64.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company.

V2X Trading Down 2.6 %

NYSE:VVX opened at $43.12 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 1-year low of $37.58 and a 1-year high of $69.75. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 154.00, a PEG ratio of 0.64 and a beta of 0.60. The business’s 50-day moving average price is $49.70 and its two-hundred day moving average price is $54.53.

Institutional Investors Weigh In On V2X

Several institutional investors have recently made changes to their positions in VVX. FMR LLC increased its position in shares of V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company’s stock worth $177,554,000 after purchasing an additional 714,722 shares during the period. Simcoe Capital Management LLC grew its stake in V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock worth $35,057,000 after buying an additional 525,204 shares in the last quarter. Victory Capital Management Inc. bought a new position in V2X in the 4th quarter valued at about $13,947,000. Zimmer Partners LP acquired a new position in shares of V2X in the 3rd quarter valued at approximately $14,659,000. Finally, Assenagon Asset Management S.A. increased its stake in V2X by 1,014.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock valued at $11,077,000 after acquiring an additional 210,814 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

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.