VOXX International Corp. Rating Increased to Neutral at Zacks (VOXX)
VOXX International Corp. (NASDAQ:VOXX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday, American Banking News reports. The firm currently has a $13.10 target price on the stock. Zacks‘ target price would indicate a potential upside of 2.83% from the company’s current price.
A number of other analysts have also recently weighed in on VOXX. Analysts at TheStreet upgraded shares of VOXX International Corp. (NASDAQ:VOXX) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. Separately, analysts at Imperial Capital raised their price target on shares of VOXX International Corp. (NASDAQ:VOXX) from $14.00 to $16.00 in a research note to investors on Monday, July 15th. Finally, analysts at Imperial Capital initiated coverage on shares of VOXX International Corp. (NASDAQ:VOXX) in a research note to investors on Monday, June 24th. They set an “outperform” rating and a $14.00 price target on the stock.
VOXX International Corp. (NASDAQ:VOXX) traded up 1.88% on Wednesday, hitting $12.98. 72,948 shares of the company’s stock traded hands. VOXX International Corp. has a 52 week low of $5.55 and a 52 week high of $15.00. The stock has a 50-day moving average of $13.11 and a 200-day moving average of $11.50. The company has a market cap of $311.8 million and a price-to-earnings ratio of 10.36.
VOXX International Corp. (NASDAQ:VOXX) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $193.00 million for the quarter, compared to the consensus estimate of $191.97 million. During the same quarter last year, the company posted ($0.20) earnings per share. VOXX International Corp.’s revenue was down .5% compared to the same quarter last year. Analysts expect that VOXX International Corp. will post $1.00 EPS for the current fiscal year.
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox Corporation, is an international distributor in the accessory, mobile and consumer electronics industries.
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