BlackBerry (BB) PT Raised to $14.00

BlackBerry (NYSE:BB) had its target price raised by investment analysts at TD Securities from $12.00 to $14.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 16.86% from the stock’s current price.

BB has been the subject of a number of other reports. Scotiabank reiterated an “outperform” rating and issued a $13.50 price target on shares of BlackBerry in a report on Thursday, September 21st. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Tuesday, November 28th. Royal Bank of Canada boosted their price target on BlackBerry from $9.50 to $10.50 and gave the company a “sector perform” rating in a report on Friday, September 29th. Vetr downgraded BlackBerry 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, Bank of America upped their price objective on BlackBerry from $7.50 to $8.00 and gave the stock an “underperform” rating in a research note on Friday, September 22nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. BlackBerry currently has an average rating of “Hold” and a consensus target price of $9.99.

BlackBerry (NYSE BB) traded down $0.19 during mid-day trading on Thursday, reaching $11.98. The company’s stock had a trading volume of 6,982,199 shares, compared to its average volume of 6,193,867. The company has a quick ratio of 5.17, a current ratio of 5.19 and a debt-to-equity ratio of 0.27. BlackBerry has a 52 week low of $6.65 and a 52 week high of $12.36. The stock has a market cap of $5,761.10, a P/E ratio of 543.50 and a beta of 1.09.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.49). BlackBerry had a return on equity of 2.70% and a net margin of 49.62%. The business had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $216.70 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. BlackBerry’s revenue for the quarter was down 21.9% compared to the same quarter last year. equities research analysts anticipate that BlackBerry will post -0.04 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was posted by American Market News and is the sole property of of American Market News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/21/blackberry-bb-pt-raised-to-14-00.html.

BlackBerry 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.