V2X, Inc. (NYSE:VVX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of V2X, Inc. (NYSE:VVX) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $65.38.

VVX has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday, December 12th. They set a “sell” rating and a $54.00 price target on the stock. Raymond James cut their target price on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reduced their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Citigroup initiated coverage on shares of V2X in a report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of V2X in a report on Friday, January 17th.

V2X Price Performance

Shares of NYSE VVX opened at $45.55 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 162.68, a P/E/G ratio of 0.61 and a beta of 0.61. The firm’s 50-day moving average price is $48.54 and its 200-day moving average price is $54.00. 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 1-year low of $41.08 and a 1-year high of $69.75.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of V2X by 3.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock valued at $353,000 after acquiring an additional 266 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in V2X by 24.1% in the fourth 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. Corebridge Financial Inc. grew its stake in V2X by 7.1% in the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock valued at $337,000 after purchasing an additional 470 shares during the period. LPL Financial LLC increased its position in shares of V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock valued at $245,000 after purchasing an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock worth $201,000 after purchasing an additional 558 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.