BlackBerry Given New $9.00 Price Target at Jefferies Group (BBRY)
Stock analysts at Jefferies Group increased their price target on shares of BlackBerry (NASDAQ:BBRY) from $6.00 to $9.00 in a report issued on Wednesday, Stock Ratings Network reports. Jefferies Group’s target price would indicate a potential downside of 7.12% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of BlackBerry from $6.75 to $10.00 in a research note to investors on Monday, January 27th. They now have a “neutral” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of BlackBerry from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, January 13th. Finally, analysts at RBC Capital upgraded shares of BlackBerry from an “underperform” rating to a “sector perform” rating in a research note to investors on Friday, January 10th. They now have a $10.00 price target on the stock, up previously from $6.00. Fourteen research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.04.
BlackBerry (NASDAQ:BBRY) traded up 0.83% on Wednesday, hitting $9.69. 21,071,634 shares of the company’s stock traded hands. BlackBerry has a one year low of $5.44 and a one year high of $17.22. The stock’s 50-day moving average is $8.46 and its 200-day moving average is $8.39. The company’s market cap is $5.023 billion.
BlackBerry (NASDAQ:BBRY) last released its earnings data on Friday, December 20th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by $0.24. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.59 billion. The company’s revenue for the quarter was down 56.3% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-1.83 earnings per share for the current fiscal year.
Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.
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.