Analysts’ Recent Ratings Changes for BOX (BOX)

BOX (NYSE: BOX) has recently received a number of price target changes and ratings updates:

  • 10/10/2019 – BOX was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/10/2019 – BOX is now covered by analysts at Berenberg Bank. They set a “hold” rating and a $18.00 price target on the stock.
  • 10/4/2019 – BOX had its price target raised by analysts at DA Davidson to $21.00. They now have a “buy” rating on the stock.
  • 10/3/2019 – BOX was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/30/2019 – BOX had its “hold” rating reaffirmed by analysts at Monness Crespi & Hardt.
  • 9/27/2019 – BOX was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $15.00 price target on the stock.
  • 9/27/2019 – BOX was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/5/2019 – BOX was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/4/2019 – BOX was given a new $20.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 8/29/2019 – BOX had its price target lowered by analysts at Wells Fargo & Co from $22.50 to $20.00. They now have an “outperform” rating on the stock.
  • 8/29/2019 – BOX had its price target lowered by analysts at Oppenheimer Holdings Inc. from $22.00 to $18.00. They now have an “outperform” rating on the stock.
  • 8/29/2019 – BOX had its price target lowered by analysts at Raymond James from $21.00 to $18.00. They now have an “outperform” rating on the stock.
  • 8/29/2019 – BOX was downgraded by analysts at First Analysis from an “outperform” rating to a “neutral” rating. They now have a $14.00 price target on the stock, down previously from $22.00.
  • 8/29/2019 – BOX was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $15.00 price target on the stock, down previously from $22.00.
  • 8/29/2019 – BOX had its price target lowered by analysts at DA Davidson from $19.00 to $17.00. They now have a “buy” rating on the stock.

Shares of BOX traded up $0.03 during midday trading on Thursday, hitting $16.48. The stock had a trading volume of 41,685 shares, compared to its average volume of 1,830,942. Box Inc has a 1 year low of $12.46 and a 1 year high of $24.93. The firm has a market cap of $2.44 billion, a PE ratio of -17.17 and a beta of 1.41. The company has a debt-to-equity ratio of 14.57, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day moving average is $16.62 and its 200 day moving average is $17.53.

BOX (NYSE:BOX) last announced its earnings results on Wednesday, August 28th. The software maker reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. The business had revenue of $172.50 million for the quarter, compared to the consensus estimate of $169.49 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts expect that Box Inc will post -0.99 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in BOX. Bank of America Corp DE raised its stake in shares of BOX by 179.0% in the second quarter. Bank of America Corp DE now owns 3,309,410 shares of the software maker’s stock valued at $58,279,000 after acquiring an additional 2,123,157 shares during the period. FMR LLC increased its stake in BOX by 111.9% in the 1st quarter. FMR LLC now owns 3,906,437 shares of the software maker’s stock worth $75,434,000 after buying an additional 2,063,120 shares during the period. UBS Group AG increased its stake in BOX by 510.8% in the 2nd quarter. UBS Group AG now owns 1,819,618 shares of the software maker’s stock worth $32,044,000 after buying an additional 1,521,688 shares during the period. First Trust Advisors LP increased its stake in BOX by 29.5% in the 2nd quarter. First Trust Advisors LP now owns 6,512,107 shares of the software maker’s stock worth $114,678,000 after buying an additional 1,484,080 shares during the period. Finally, RGM Capital LLC increased its stake in BOX by 93.9% in the 2nd quarter. RGM Capital LLC now owns 2,670,979 shares of the software maker’s stock worth $47,036,000 after buying an additional 1,293,457 shares during the period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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