Black Diamond PT Raised to $20.00 (BDE)
Canaccord Genuity increased their price target on shares of Black Diamond (NYSE:BDE) from $14.00 to $20.00 in a research note issued on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 54.08% from the company’s current price.
Black Diamond (NYSE:BDE) traded up 2.31% on Monday, hitting $13.28. The stock had a trading volume of 54,605 shares. Black Diamond has a one year low of $7.55 and a one year high of $13.21. The stock has a 50-day moving average of $11.43 and a 200-day moving average of $9.91. The company’s market cap is $423.6 million.
Black Diamond (NYSE:BDE) last released its earnings data on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the 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 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. Separately, 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. Finally, 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 issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average 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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