Black Diamond Price Target Increased to $12.00 by Analysts at Feltl & Co. (BDE)
Equities researchers at Feltl & Co. upped their target price on shares of Black Diamond (NYSE:BDE) from $10.50 to $12.00 in a research report issued on Monday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Feltl & Co.’s price target would indicate a potential downside of 7.55% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Black Diamond in a research note to investors on Friday, September 20th. They now have a $15.00 price target on the stock. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Black Diamond presently has an average rating of “Buy” and an average target price of $13.73.
Shares of Black Diamond (NYSE:BDE) traded up 2.31% on Monday, hitting $13.28. 54,605 shares of the company’s stock traded hands. Black Diamond has a 1-year low of $7.55 and a 1-year high of $13.21. The stock’s 50-day moving average is $11.43 and its 200-day moving average is $9.91. The company’s market cap is $423.6 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. Black Diamond’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that Black Diamond will post $-0.12 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.