Box (BOX) is Initiated by JMP Securities to Mkt Outperform

Box (BOX) is Initiated by JMP Securities to Mkt Outperform , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Box, Inc. (NYSE:BOX) : On Thursday heightened volatility was witnessed in Box, Inc. (NYSE:BOX) which led to swings in the share price. The shares opened for trading at $13.89 and hit $14.28 on the upside , eventually ending the session at $13.96, with a gain of 1.16% or 0.16 points. The heightened volatility saw the trading volume jump to 1,283,770 shares. The 52-week high of the share price is $24.73 and the company has a market cap of $1,724 million. The 52-week low of the share price is at $10.93 .

During the last several months other analysts have commented on the company rating. Bank of America upgrades its rating on Box, Inc. (NYSE:BOX). Analysts at the Bank of America have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on November 24, 2015.

Analysts at Zacks have given a short term rating of hold on Box, Inc. (NYSE:BOX) with a rank of 3. The shares has received an average rating of 2 from 10 brokerage firms. 5 analysts have rated the company as a strong buy. The shares has been rated as hold from 5 Wall Street Analysts.

Box, Inc. (NYSE:BOX): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $18.8 in Box, Inc. (NYSE:BOX). However, the stock price could fluctuate by $ 3.03 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $24 price target with the lower price estimate is calculated at $16

Shares of Box, Inc. rose by 4.41% in the last five trading days and 8.05% for the last 4 weeks. Box, Inc. is up 8.81% in the last 3-month period. Year-to-Date the stock performance stands at -39.91%.”