BlackBerry (NYSE:BB)‘s stock had its “hold” rating reissued by stock analysts at Canaccord Genuity in a report released on Thursday. They presently have a $11.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential downside of 8.18% from the company’s previous close.
BB has been the topic of several other reports. Scotiabank reiterated an “outperform” rating and set a $13.50 price objective on shares of BlackBerry in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Tuesday, November 28th. Royal Bank of Canada raised their price target on shares of BlackBerry from $9.50 to $10.50 and gave the company a “sector perform” rating in a report on Friday, September 29th. Vetr lowered shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 price target on the stock. in a report on Tuesday, September 26th. Finally, Bank of America raised their price target on shares of BlackBerry from $7.50 to $8.00 and gave the company an “underperform” rating in a report on Friday, September 22nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.86.
Shares of BlackBerry (NYSE BB) traded down $0.19 during mid-day trading on Thursday, hitting $11.98. 6,420,850 shares of the stock traded hands, compared to its average volume of 6,193,867. The stock has a market cap of $5,761.10, a price-to-earnings ratio of 543.50 and a beta of 1.09. BlackBerry has a 1-year low of $6.65 and a 1-year high of $12.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.17 and a current ratio of 5.19.
BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.49). The company had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $216.70 million. BlackBerry had a return on equity of 2.70% and a net margin of 49.62%. The company’s revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. equities analysts expect that BlackBerry will post -0.04 earnings per share for the current year.
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.