Roth Capital Reiterates Neutral Rating for Black Diamond (BDE)
Black Diamond (NYSE:BDE)‘s stock had its “neutral” rating restated by investment analysts at Roth Capital in a note issued to investors on Wednesday. They currently have a $8.50 price objective on the stock, down from their previous price objective of $10.00. Roth Capital’s price objective points to a potential upside of 5.07% from the company’s current price.
A number of other firms have also recently commented on BDE. Analysts at DA Davidson cut their price target on shares of Black Diamond from $12.00 to $10.00 in a research note on Tuesday. Separately, analysts at Needham & Company LLC cut their price target on shares of Black Diamond from $15.00 to $10.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Black Diamond from $17.00 to $12.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.68.
Shares of Black Diamond (NYSE:BDE) traded down 1.05% on Wednesday, hitting $8.005. The stock had a trading volume of 16,353 shares. Black Diamond has a 1-year low of $7.73 and a 1-year high of $15.15. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $10.88. The company’s market cap is $260.5 million.
Black Diamond (NYSE:BDE) last released its earnings data 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 $-0.13 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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