Truist Financial Lowers V2X (NYSE:VVX) Price Target to $55.00

V2X (NYSE:VVX - Free Report) had its price target decreased by Truist Financial from $68.00 to $55.00 in a report released on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

VVX has been the subject of several other reports. Citigroup initiated coverage on V2X in a report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 price target for the company. JMP Securities reissued a "market outperform" rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Raymond James dropped their price objective on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada decreased their target price on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, V2X currently has a consensus rating of "Moderate Buy" and an average target price of $62.90.

V2X Trading Down 0.6 %

VVX stock traded down $0.30 during midday trading on Monday, reaching $48.16. 152,978 shares of the company's stock traded hands, compared to its average volume of 183,947. 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 fifty-two week low of $41.08 and a fifty-two week high of $69.75. The business has a 50-day moving average price of $47.80 and a two-hundred day moving average price of $53.53. The company has a market capitalization of $1.52 billion, a P/E ratio of 172.01, a PEG ratio of 0.61 and a beta of 0.45.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VVX. State of Wyoming bought a new position in V2X during the fourth quarter worth $45,000. Whipplewood Advisors LLC boosted its holdings in shares of V2X by 4,066.7% in the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after buying an additional 976 shares during the period. Summit Investment Advisors Inc. grew 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 valued at $71,000 after buying an additional 288 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after acquiring an additional 814 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in V2X in the fourth quarter worth about $134,000. Institutional investors own 95.18% of the company's stock.

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.