Box Inc (NYSE:BOX) Given Average Recommendation of “Hold” by Brokerages

Box Inc (NYSE:BOX) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.29.

BOX has been the topic of a number of recent research reports. Oppenheimer dropped their target price on BOX from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. ValuEngine lowered BOX from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James dropped their target price on BOX from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. DA Davidson boosted their price target on BOX to $21.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. downgraded BOX from a “neutral” rating to an “underweight” rating and set a $15.00 price target for the company. in a report on Friday, September 27th.

NYSE BOX traded up $0.03 during trading hours on Monday, reaching $16.78. The stock had a trading volume of 2,005,490 shares, compared to its average volume of 2,283,435. The stock has a fifty day moving average of $16.32 and a 200 day moving average of $17.59. The stock has a market cap of $2.45 billion, a P/E ratio of -17.48 and a beta of 1.41. BOX has a 52-week low of $12.46 and a 52-week high of $24.93. The company has a debt-to-equity ratio of 14.57, a quick ratio of 0.80 and a current ratio of 0.80.

BOX (NYSE:BOX) last issued its earnings results on Wednesday, August 28th. The software maker reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $172.50 million for the quarter, compared to analyst estimates of $169.49 million. BOX had a negative return on equity of 491.54% and a negative net margin of 20.29%. BOX’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that BOX will post -0.99 EPS for the current year.

Large investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new position in BOX in the second quarter valued at approximately $26,000. Valeo Financial Advisors LLC raised its stake in shares of BOX by 756.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock worth $36,000 after buying an additional 1,815 shares during the period. Truvestments Capital LLC acquired a new position in shares of BOX during the 2nd quarter worth approximately $52,000. Westside Investment Management Inc. acquired a new position in shares of BOX during the 2nd quarter worth approximately $17,790,000. Finally, Kavar Capital Partners LLC acquired a new position in shares of BOX during the 2nd quarter worth approximately $61,000. 71.44% of the stock is owned by institutional investors.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Analyst Recommendations for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.