Zacks: Analysts Set $6.00 Target Price for VOXX International Corporation (VOXX)
Shares of VOXX International Corporation (NASDAQ:VOXX) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price objective of $6.00 for the company, according to Zacks. Zacks has also assigned VOXX International Corporation an industry rank of 96 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on VOXX shares. Zacks Investment Research upgraded shares of VOXX International Corporation from a “sell” rating to a “hold” rating in a research note on Friday, March 17th. Cowen and Company restated a “market perform” rating and set a $6.00 price objective (up from $4.00) on shares of VOXX International Corporation in a research note on Wednesday, May 17th. Finally, TheStreet upgraded shares of VOXX International Corporation from a “d” rating to a “c-” rating in a research note on Wednesday, May 17th.
VOXX International Corporation (NASDAQ VOXX) traded up 11.46% during mid-day trading on Monday, reaching $8.75. 551,399 shares of the company traded hands. The stock’s 50 day moving average price is $6.50 and its 200 day moving average price is $5.24. VOXX International Corporation has a 52 week low of $2.47 and a 52 week high of $8.98. The firm has a market capitalization of $211.40 million, a price-to-earnings ratio of 48.61 and a beta of 0.96.
VOXX International Corporation (NASDAQ:VOXX) last announced its quarterly earnings results on Monday, May 15th. The auto parts company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.06. VOXX International Corporation had a net margin of 0.65% and a return on equity of 1.84%. The firm had revenue of $167.39 million for the quarter, compared to analyst estimates of $174 million. During the same period last year, the firm posted ($0.22) EPS. The business’s revenue was down 1.3% compared to the same quarter last year. Equities analysts forecast that VOXX International Corporation will post $0.35 EPS for the current year.
Several large investors have recently modified their holdings of VOXX. Two Sigma Investments LP boosted its stake in shares of VOXX International Corporation by 78.8% in the fourth quarter. Two Sigma Investments LP now owns 157,775 shares of the auto parts company’s stock worth $742,000 after buying an additional 69,527 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of VOXX International Corporation by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,788,998 shares of the auto parts company’s stock worth $8,408,000 after buying an additional 36,060 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of VOXX International Corporation during the fourth quarter worth $215,000. Brandes Investment Partners LP boosted its stake in shares of VOXX International Corporation by 12.8% in the first quarter. Brandes Investment Partners LP now owns 42,617 shares of the auto parts company’s stock worth $222,000 after buying an additional 4,833 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of VOXX International Corporation by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 265,600 shares of the auto parts company’s stock worth $1,248,000 after buying an additional 24,959 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
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About VOXX International Corporation
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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