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

V2X (NYSE:VVX) had its target price lowered by equities researchers at Raymond James from $65.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 23.47% from the stock’s current price.

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

V2X Stock Up 15.6 %

Shares of NYSE:VVX traded up $6.55 during midday trading on Tuesday, reaching $48.60. The company had a trading volume of 500,034 shares, compared to its average volume of 206,657. V2X has a 1-year low of $37.58 and a 1-year high of $69.75. The stock has a market cap of $1.53 billion, a PE ratio of 173.58, a P/E/G ratio of 0.61 and a beta of 0.60. The business’s 50 day moving average price is $49.13 and its 200 day moving average price is $54.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of V2X during the 4th quarter worth about $45,000. US Bancorp DE boosted 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 purchasing an additional 460 shares in the last quarter. Summit Investment Advisors Inc. boosted its position 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of V2X by 51.9% during 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of V2X during the 4th quarter worth about $134,000. 95.18% of the stock is currently 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.