Royal Bank of Canada Lowers V2X (NYSE:VVX) Price Target to $54.00

V2X (NYSE:VVX - Get Free Report) had its target price decreased by investment analysts at Royal Bank of Canada from $58.00 to $54.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's price target indicates a potential upside of 15.19% from the company's previous close.

A number of other brokerages have also recently commented on VVX. Raymond James reiterated an "outperform" rating and issued a $65.00 target price (down previously from $72.00) on shares of V2X in a report on Thursday, January 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. 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 target price for the company. Citigroup began coverage on shares of V2X in a research note on Tuesday, January 21st. They set a "buy" rating and a $64.00 price target for the company. Finally, BTIG Research assumed coverage on shares of V2X in a research report on Monday, November 25th. They issued a "buy" rating and a $80.00 price objective on the stock. One 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.38.

V2X Trading Down 0.4 %

Shares of NYSE:VVX traded down $0.17 during trading on Tuesday, reaching $46.88. The company's stock had a trading volume of 306,609 shares, compared to its average volume of 226,354. The firm's 50 day simple moving average is $48.83 and its two-hundred day simple moving average is $54.49. 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 12 month low of $37.97 and a 12 month high of $69.75. The stock has a market capitalization of $1.48 billion, a PE ratio of 167.43, a price-to-earnings-growth ratio of 0.61 and a beta of 0.60.

Institutional Investors Weigh In On V2X

Several large investors have recently added to or reduced their stakes in VVX. Allspring Global Investments Holdings LLC raised its stake in shares of V2X by 38.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,320 shares of the company's stock valued at $688,000 after acquiring an additional 3,414 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of V2X by 1.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company's stock worth $1,161,000 after buying an additional 394 shares during the period. 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 worth $57,000 after buying an additional 460 shares in the last quarter. Stephens Inc. AR bought a new position in shares of V2X during the 3rd quarter worth $247,000. Finally, Olympiad Research LP purchased a new position in shares of V2X during the third quarter valued at $299,000. 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.