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Oppenheimer dropped their price target on shares of Black Diamond (NYSE:BDE) from $14.00 to $12.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 35.29% from the company’s current price.

BDE has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Acumen Capital raised their price target on shares of Black Diamond from $37.00 to $38.25 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $14.25.

Black Diamond (NYSE:BDE) traded down 8.79% during mid-day trading on Tuesday, hitting $8.09. 907,125 shares of the company’s stock traded hands. Black Diamond has a 52-week low of $7.73 and a 52-week high of $15.15. The stock has a 50-day moving average of $10.20 and a 200-day moving average of $10.88. The company’s market cap is $262.9 million.

Black Diamond (NYSE:BDE) last released its earnings data on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.01) earnings per share. Black Diamond’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that Black Diamond will post $-0.11 earnings per share 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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