Oppenheimer Increases Black Diamond Price Target to $15.00 (BDE)
Research analysts at Oppenheimer hoisted their price objective on shares of Black Diamond (NYSE:BDE) from $14.00 to $15.00 in a report released on Monday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 15.56% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Feltl & Co. reiterated a “hold” rating on shares of Black Diamond in a research note to investors on Monday, September 9th. They now have a $10.50 price target on the stock. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $13.73.
Shares of Black Diamond (NYSE:BDE) traded up 8.40% during mid-day trading on Monday, hitting $14.07. The stock had a trading volume of 173,498 shares. Black Diamond has a 52 week low of $7.55 and a 52 week 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 $448.8 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. 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.
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