Raymond James Has Lowered Expectations for V2X (NYSE:VVX) Stock Price

V2X (NYSE:VVX) had its target price decreased by stock analysts at Raymond James from $65.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 23.47% from the stock’s previous close.

VVX has been the subject of a number of other research reports. JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Royal Bank of Canada reduced their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday. BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 price target for the company. The Goldman Sachs Group assumed coverage on V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price target for the company. Finally, Citigroup assumed coverage on V2X in a research report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

V2X Stock Performance

VVX traded up $6.55 during trading on Tuesday, reaching $48.60. 500,034 shares of the company were exchanged, compared to its average volume of 206,657. The stock has a market cap of $1.53 billion, a P/E ratio of 173.58, a PEG ratio of 0.61 and a beta of 0.60. The firm has a 50 day moving average of $49.13 and a 200 day moving average of $54.58. 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 52 week low of $37.58 and a 52 week high of $69.75.

Hedge Funds Weigh In On V2X

A number of hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in V2X during the 4th quarter valued at $45,000. US Bancorp DE boosted its position 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 buying an additional 460 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after buying an additional 288 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after buying an additional 814 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in V2X in the 4th quarter valued at $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.