Zacks: BlackBerry Limited (BB) Receives Average Recommendation of “Hold” from Analysts
BlackBerry Limited (NYSE:BB) has been assigned an average broker rating score of 2.90 (Hold) from the ten brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a strong buy recommendation to the company. BlackBerry Limited’s rating score has declined by 4.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $9.54 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given BlackBerry Limited an industry rank of 208 out of 265 based on the ratings given to related companies.
A number of research firms have recently weighed in on BB. Royal Bank Of Canada restated a “hold” rating and set a $9.50 target price on shares of BlackBerry Limited in a research report on Friday, September 22nd. BidaskClub cut BlackBerry Limited from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of BlackBerry Limited in a research note on Sunday, August 13th. Vetr cut BlackBerry Limited from a “strong-buy” rating to a “buy” rating and set a $10.20 price objective for the company. in a research note on Tuesday, September 26th. Finally, TD Securities reaffirmed a “buy” rating and set a $11.50 price objective on shares of BlackBerry Limited in a research note on Tuesday, September 26th.
BlackBerry Limited (BB) traded up $0.17 during mid-day trading on Friday, hitting $10.95. The stock had a trading volume of 6,404,383 shares, compared to its average volume of 4,061,410. The company has a market cap of $5.68 billion, a P/E ratio of 535.50 and a beta of 1.04.
BlackBerry Limited (NYSE:BB) last released its earnings results on Thursday, September 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $238.00 million during the quarter, compared to the consensus estimate of $221.21 million. BlackBerry Limited had a return on equity of 2.70% and a net margin of 49.62%. The business’s revenue was down 32.4% on a year-over-year basis. research analysts expect that BlackBerry Limited will post -0.04 EPS for the current year.
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BlackBerry Limited Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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