Black Diamond Given “Buy” Rating at Canaccord Genuity (BDE)
Black Diamond (NYSE:BDE)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Tuesday. They currently have a $12.00 target price on the stock, down from their previous target price of $17.00. Canaccord Genuity’s price target indicates a potential upside of 35.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer cut their price target on shares of Black Diamond from $14.00 to $12.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray downgraded shares of Black Diamond from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $8.00 price target on the stock, down previously from $13.00. Finally, analysts at Stifel Nicolaus cut their price target on shares of Black Diamond from $15.00 to $13.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.36.
Black Diamond (NYSE:BDE) traded down 9.98% during mid-day trading on Tuesday, hitting $7.985. The stock had a trading volume of 252,515 shares. Black Diamond has a 52 week low of $8.39 and a 52 week high of $15.15. The stock has a 50-day moving average of $10.31 and a 200-day moving average of $10.92. The company’s market cap is $259.5 million.
Black Diamond (NYSE:BDE) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.03. The company had revenue of $34.40 million for the quarter, compared to the consensus estimate of $43.65 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts expect that Black Diamond will post $-0.11 EPS for the current fiscal year.
Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, incorporated in 1991, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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