BlackBerry Ltd (BB) Receives $9.49 Consensus Price Target from Brokerages
BlackBerry Ltd (NYSE:BB) (TSE:BB) has received an average rating of “Hold” from the twenty-two analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.55.
Several research firms recently issued reports on BB. Vetr lowered 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. BMO Capital Markets reissued a “hold” rating and set a $10.00 price objective on shares of BlackBerry in a research note on Friday, September 29th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of BlackBerry in a research note on Sunday, August 13th. Canaccord Genuity lifted their price objective on BlackBerry from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, TD Securities reissued a “buy” rating and set a $11.50 price objective on shares of BlackBerry in a research note on Tuesday, September 26th.
BlackBerry (NYSE:BB) traded down 0.62% during trading on Thursday, hitting $11.30. The stock had a trading volume of 4,078,297 shares. The firm has a market cap of $5.99 billion, a PE ratio of 11.89 and a beta of 1.00. BlackBerry has a 52 week low of $6.65 and a 52 week high of $11.78.
BlackBerry (NYSE:BB) (TSE:BB) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $238.00 million during the quarter, compared to analyst estimates of $221.21 million. BlackBerry had a return on equity of 2.77% and a net margin of 7.98%. The company’s quarterly revenue was down 32.4% compared to the same quarter last year.
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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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