Black Diamond PT Raised to $19.00 at Stifel Nicolaus (BDE)
Research analysts at Stifel Nicolaus increased their price objective on shares of Black Diamond (NYSE:BDE) from $15.00 to $19.00 in a report released on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 32.77% from the company’s current price.
Shares of Black Diamond (NYSE:BDE) traded up 0.84% during mid-day trading on Wednesday, hitting $14.43. The stock had a trading volume of 68,299 shares. Black Diamond has a 1-year low of $7.55 and a 1-year high of $12.16. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $9.49. The company’s market cap is $460.3 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. Analysts expect that Black Diamond will post $-0.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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, October 7th. 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, October 7th. 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, October 7th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Black Diamond presently has a consensus rating of “Buy” and a consensus price target of $14.30.
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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