Black Diamond’s “Buy” Rating Reaffirmed at Stifel Nicolaus (BDE)
Black Diamond (NYSE:BDE)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a $15.00 price target on the stock. Stifel Nicolaus’ price target points to a potential upside of 22.65% from the stock’s previous close.
Shares of Black Diamond (NYSE:BDE) traded up 0.99% during mid-day trading on Friday, hitting $12.23. 188,013 shares of the company’s stock traded hands. Black Diamond has a 52-week low of $7.55 and a 52-week high of $12.68. The stock has a 50-day moving average of $10.90 and a 200-day moving average of $9.63. The company’s market cap is $390.1 million.
Black Diamond (NYSE:BDE) last released its earnings data on Monday, August 5th. The company reported ($0.07) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.07). The company had revenue of $38.90 million for the quarter, compared to the consensus estimate of $40.44 million. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that Black Diamond will post $-0.12 earnings per share for the current fiscal year.
BDE has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Black Diamond (NYSE:BDE) from $11.00 to $14.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Feltl & Co. reiterated a “hold” rating on shares of Black Diamond (NYSE:BDE) in a research note to investors on Monday, September 9th. They now have a $10.50 price target on the stock. Finally, analysts at Feltl & Co. downgraded shares of Black Diamond (NYSE:BDE) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. They now have a $10.50 price target on the stock, down previously from $11.00.
Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $12.27.
Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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