V2X (NYSE:VVX) Given New $81.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut V2X’s price target from $88 to $81 while maintaining a “sector perform” rating, implying approximately 5.32% upside from the prior close.
• Analyst sentiment remains mixed but centers on “Hold”: six analysts rate V2X a Buy, seven a Hold, and one a Sell, with a consensus price target of $87.50.
• V2X recently exceeded quarterly expectations, reporting $1.64 EPS versus $1.44 expected and $1.26 billion in revenue, up 16.5% year over year; institutional investors own 95.18% of the stock.

V2X (NYSE:VVX - Get Free Report) had its price objective cut by research analysts at Royal Bank Of Canada from $88.00 to $81.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 5.32% from the company's previous close.

A number of other equities research analysts have also recently commented on VVX. Weiss Ratings reissued a "hold (c+)" rating on shares of V2X in a research note on Tuesday, September 8th. Morgan Stanley lifted their target price on shares of V2X from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. Citizens Jmp lifted their target price on shares of V2X from $90.00 to $102.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $94.00 price target on shares of V2X in a report on Tuesday, August 4th. Finally, Citigroup reiterated a "market outperform" rating on shares of V2X in a research report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $87.50.

V2X Stock Down 0.3%

Shares of VVX traded down $0.26 on Wednesday, reaching $76.91. The stock had a trading volume of 49,568 shares, compared to its average volume of 565,413. V2X has a twelve month low of $50.89 and a twelve month high of $93.98. The firm has a market capitalization of $2.41 billion, a PE ratio of 26.52 and a beta of 0.18. The firm has a 50-day moving average of $74.02 and a 200 day moving average of $73.57.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. On average, sell-side analysts anticipate that V2X will post 6.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of V2X in the 2nd quarter valued at $189,727,000. Dimensional Fund Advisors LP increased its holdings in V2X by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,503,707 shares of the company's stock valued at $103,001,000 after purchasing an additional 169,980 shares in the last quarter. Bank of America Corp DE acquired a new stake in V2X in the 2nd quarter valued at $87,543,000. Van ECK Associates Corp acquired a new stake in V2X in the 2nd quarter valued at $32,910,000. Finally, Sei Investments Co. increased its holdings in V2X by 66.3% in the 1st quarter. Sei Investments Co. now owns 155,547 shares of the company's stock valued at $10,655,000 after purchasing an additional 62,009 shares in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.