Black Diamond Given Buy Rating at Stifel Nicolaus (BDE)
Black Diamond (NYSE:BDE)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research note issued on Monday, Analyst Ratings Network reports. They currently have a $15.00 target price on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 7.22% from the company’s current price.
Shares of Black Diamond (NYSE:BDE) traded up 7.78% on Monday, hitting $13.99. 659,068 shares of the company’s stock traded hands. Black Diamond has a 1-year low of $7.55 and a 1-year high of $14.24. The stock has a 50-day moving average of $11.53 and a 200-day moving average of $9.97. The company’s market cap is $446.3 million.
Black Diamond (NYSE:BDE) last posted its quarterly earnings results 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. Analysts expect that Black Diamond will post $-0.12 EPS for the current fiscal year.
BDE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Black Diamond from $14.00 to $20.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Black Diamond from $10.50 to $12.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Black Diamond from $14.00 to $15.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.73.
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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