Clarkson Capital Lowers Box Ships Price Target to $4.00 (TEU)
Clarkson Capital cut their price objective on shares of Box Ships (NYSE:TEU) from $4.25 to $4.00 in a research note issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Clarkson Capital’s target price indicates a potential upside of 2.56% from the stock’s previous close.
Separately, analysts at EuroPacific Canada initiated coverage on shares of Box Ships in a research note to investors on Thursday, August 22nd. They set a “neutral” rating and a $4.50 price target on the stock.
Shares of Box Ships (NYSE:TEU) traded down 1.02% on Tuesday, hitting $3.90. The stock had a trading volume of 115,072 shares. Box Ships has a one year low of $3.51 and a one year high of $6.25. The stock’s 50-day moving average is $4.1 and its 200-day moving average is $4.19. The company has a market cap of $97.3 million and a P/E ratio of 8.68.
Box Ships (NYSE:TEU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $19.02 million for the quarter, compared to the consensus estimate of $15.97 million.
Box Ships Inc is an international shipping company specializing in the transportation of containers. The Company was formed by Paragon Shipping Inc, a global provider of shipping transportation services specializing in transporting dry bulk cargoes.
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