BMO Capital Markets' price target would indicate a potential downside of 21.88% from the stock's current price. Scotiabank now has a C$8.00 target price on the stock.
A number of research firms have commented on BB.
03/13/2017 - Global Equities Research began new coverage on BlackBerry Limited giving the company a "overweight" rating. The stock touched its high share price of $9.19 on 04/12/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/27/16 as $6.23.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Finally, Imperial Capital dropped their price target on BlackBerry from $8.50 to $8.25 and set an "in-line" rating on the stock in a research note on Thursday, December 22nd. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 11 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The company's 50-day moving average is $7.38 and its 200 day moving average is $7.35. The stock as of last trading session moved 40.77% up from its 52 week low and was -4.57% behind its 52 week high.
EPS in next five year years is expected to touch 10.14% while EPS growth in past 5 year was -24.80% along with sales growth of -41.10% in the last five years. The smartphone producer reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%.
In case of Revenue Estimates, 264510 analysts have provided their consensus Average Revenue Estimates for BlackBerry Limited as 12000.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, BBRY earned gross profit of 1.63 Billion, in 2015 985 Million gross profit, while in 2016 BlackBerry Limited (BBRY) produced 642 Million profit. Expect decreased revenue in the current quarter as well.
BlackBerry Limited (BBRY) has a mean recommendation of 2.75, according to data compiled by Zacks Investment Research.
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Several hedge funds and other institutional investors have recently modified their holdings of BBRY. Great West Life Assurance Co. UBS Asset Management Americas Inc. raised its position in BlackBerry by 7.9% in the fourth quarter. Can now owns 608,635 shares of the smartphone producer's stock worth $4,843,000 after buying an additional 1,938 shares during the last quarter. Guardian Capital LP acquired a new position in shares of BlackBerry during the fourth quarter valued at $100,000. Wells Fargo & Company MN raised its position in shares of BlackBerry by 63.1% in the third quarter. The company has grown 1.66% in past 3 months and in the last five trades has moved down -2.92%. Finally, Kahn Brothers Group Inc. DE raised its position in shares of BlackBerry by 8.2% in the third quarter. The volatility in the previous week has experienced by 2.94% and observed of 2.96% in the previous month.56.60% ownership is held by institutional investors while insiders hold ownership of 11.20%.