Boulder Brands Price Target Cut to $16.00 (BDBD)
Analysts at BB&T Corp. lowered their price objective on shares of Boulder Brands (NASDAQ:BDBD) to $16.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. BB&T Corp.’s price target suggests a potential upside of 28.93% from the company’s current price.
A number of other firms have also recently commented on BDBD. Analysts at Longbow Research initiated coverage on shares of Boulder Brands in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Northland Securities raised their price target on shares of Boulder Brands from $17.00 to $21.00 in a research note on Tuesday, March 25th. Finally, analysts at Northland Capital Partners raised their price target on shares of Boulder Brands from $17.00 to $21.00 in a research note on Tuesday, March 25th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $104.96.
Shares of Boulder Brands (NASDAQ:BDBD) traded up 0.77% on Friday, hitting $12.505. 119,205 shares of the company’s stock traded hands. Boulder Brands has a 52-week low of $9.26 and a 52-week high of $18.46. The stock’s 50-day moving average is $16.55 and its 200-day moving average is $15.59. The company has a market cap of $755.3 million and a P/E ratio of 73.00.
Boulder Brands (NASDAQ:BDBD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $122.90 million for the quarter, compared to the consensus estimate of $124.60 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that Boulder Brands will post $0.42 earnings per share for the current fiscal year.
Boulder Brands, Inc is a supplier of gluten-free and health and wellness products in the United States and Canada.
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