V2X (NYSE:VVX) Given New $54.00 Price Target at Royal Bank of Canada

V2X (NYSE:VVX) had its target price lowered by stock analysts at Royal Bank of Canada from $58.00 to $54.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 16.11% from the company’s current price.

Several other equities analysts have also recently commented on the company. Citigroup began coverage on V2X in a research report on Tuesday, January 21st. They set a “buy” rating and a $64.00 target price for the company. Raymond James reissued an “outperform” rating and set a $65.00 price objective (down previously from $72.00) on shares of V2X in a report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday, January 17th. BTIG Research initiated coverage on shares of V2X in a research report on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

V2X Price Performance

NYSE:VVX traded up $4.46 during trading hours on Tuesday, hitting $46.51. The stock had a trading volume of 301,671 shares, compared to its average volume of 199,861. The company has a 50 day simple moving average of $49.13 and a two-hundred day simple moving average of $54.58. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 166.11, a P/E/G ratio of 0.61 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X has a one year low of $37.58 and a one year high of $69.75.

Institutional Trading of V2X

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of V2X in the 4th quarter valued at about $45,000. US Bancorp DE lifted its position in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after purchasing an additional 288 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of V2X by 51.9% in the fourth 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of V2X in the fourth quarter worth $134,000. 95.18% of the stock is currently owned by hedge funds and other 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.