BlackBerry Limited (BB) Price Target Raised to $11.00

BlackBerry Limited (NYSE:BB) had its target price increased by research analysts at Canaccord Genuity from $10.00 to $11.00 in a research note issued on Tuesday, October 17th. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 0.32% from the company’s current price.

Other analysts have also recently issued reports about the stock. Vetr cut shares of BlackBerry Limited 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. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of BlackBerry Limited in a research report on Sunday, August 13th. BMO Capital Markets restated a “hold” rating and set a $10.00 price objective on shares of BlackBerry Limited in a research report on Friday, September 29th. TD Securities reissued a “buy” rating and issued a $11.50 price target on shares of BlackBerry Limited in a research report on Tuesday, September 26th. Finally, William Blair restated a “market perform” rating on shares of BlackBerry Limited in a report on Tuesday, July 4th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.76.

BlackBerry Limited (NYSE BB) traded up $0.02 on Tuesday, hitting $10.97. 1,330,171 shares of the company traded hands, compared to its average volume of 7,750,000. BlackBerry Limited has a 52-week low of $6.65 and a 52-week high of $11.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.17 and a current ratio of 5.19. The firm has a market cap of $5,790.00, a P/E ratio of 547.50 and a beta of 1.04.

BlackBerry Limited (NYSE:BB) last posted its quarterly earnings results on Thursday, September 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $221.21 million. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The business’s revenue for the quarter was down 32.4% on a year-over-year basis. sell-side analysts expect that BlackBerry Limited will post -0.04 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This report was first reported by BBNS and is owned by of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://baseballnewssource.com/markets/blackberry-limited-bb-price-target-raised-to-11-00/1721552.html.

About BlackBerry Limited

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 Limited (NYSE:BB)

Receive News & Ratings for BlackBerry Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Limited and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.