VOXX International Corp. Rating Lowered to Underperform at Zacks (VOXX)
VOXX International Corp. (NASDAQ:VOXX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Analyst Ratings Net reports. They currently have a $13.30 target price on the stock. Zacks‘ target price indicates a potential downside of 4.66% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Friday, December 6th. They set a “strong-buy” rating and a $23.00 price target on the stock. Analysts at Cowen and Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. VOXX International Corp. currently has a consensus rating of “Buy” and an average target price of $18.33.
Shares of VOXX International Corp. (NASDAQ:VOXX) traded down 0.14% during mid-day trading on Wednesday, hitting $13.93. 52,938 shares of the company’s stock traded hands. VOXX International Corp. has a 52-week low of $8.74 and a 52-week high of $18.00. The stock’s 50-day moving average is $16.4 and its 200-day moving average is $14.59. The company has a market cap of $339.5 million and a price-to-earnings ratio of 10.28.
VOXX International Corp. (NASDAQ:VOXX) last announced its earnings results on Wednesday, January 8th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.13. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $250.46 million. During the same quarter last year, the company posted $0.56 earnings per share. VOXX International Corp.’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that VOXX International Corp. will post $0.90 earnings per share for the current fiscal year.
In other VOXX International Corp. news, VP Richard Maddia sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $17.00, for a total value of $85,000.00. Following the completion of the transaction, the vice president now directly owns 5,074 shares in the company, valued at approximately $86,258. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox Corporation, is an international distributor in the accessory, mobile and consumer electronics industries.
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