Raymond James Cuts V2X (NYSE:VVX) Price Target to $60.00

V2X (NYSE:VVX) had its price target trimmed by Raymond James from $65.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

VVX has been the topic of several other research reports. BTIG Research began coverage on V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. Royal Bank of Canada reduced 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. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Finally, Citigroup started coverage on shares of V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, V2X presently has a consensus rating of “Moderate Buy” and an average target price of $65.38.

V2X Price Performance

VVX stock opened at $48.90 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $48.99 and a two-hundred day simple moving average of $54.59. The company has a market capitalization of $1.54 billion, a P/E ratio of 174.65, a price-to-earnings-growth ratio of 0.61 and a beta of 0.60. V2X has a 52-week low of $37.58 and a 52-week high of $69.75.

Hedge Funds Weigh In On V2X

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming purchased a new stake in V2X during the fourth quarter worth about $45,000. US Bancorp DE grew its position in shares of V2X by 81.0% during 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. increased its stake in shares of V2X by 24.1% during the 4th 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 last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after purchasing an additional 814 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in V2X in the fourth quarter valued at approximately $134,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Company Profile

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.