BB Stock: TD Securities Raises BlackBerry Price Target to $14.00

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BlackBerry (NYSE:BB) had its price target increased by TD Securities from $12.00 to $14.00 in a research report sent to investors on Thursday, December 21st. TD Securities currently has a buy rating on the stock.

A number of other research analysts have also weighed in on BB. Vetr lowered BlackBerry from a strong-buy rating to a buy rating and set a $10.20 target price on the stock. in a report on Tuesday, September 26th. Zacks Investment Research raised BlackBerry from a hold rating to a buy rating and set a $12.00 price objective on the stock in a report on Tuesday, November 14th. Canaccord Genuity upped their price objective on BlackBerry from $10.00 to $11.00 and gave the company a hold rating in a report on Tuesday, October 17th. BMO Capital Markets reiterated a hold rating and set a $10.00 target price on shares of BlackBerry in a research report on Friday, September 29th. Finally, Royal Bank of Canada reiterated a hold rating and set a $9.50 target price on shares of BlackBerry in a research report on Friday, September 22nd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. BlackBerry has an average rating of Hold and an average target price of $10.48.

Shares of BlackBerry (BB) opened at $13.37 on Thursday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $7,256.23, a PE ratio of 24.76 and a beta of 1.09. BlackBerry has a 12-month low of $6.65 and a 12-month high of $13.97.

BlackBerry (NYSE:BB) last posted its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) 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 analyst estimates of $216.70 million. BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. BlackBerry’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. analysts anticipate that BlackBerry will post -0.02 EPS for the current year.

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.

Analyst Recommendations for BlackBerry (NYSE:BB)

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