BlackBerry Ltd (BBRY) Lowered to Hold at Zacks Investment Research
Apr 14 2017
Equities analysts predict that BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) will report $264 million in sales for the current fiscal quarter, Zacks Investment Research reports. The stock has earnings growth of -110.30% yoy and showed a low EPS growth of -6.60% over the past five years. The stock Fell -1.64 percent over the past six months. An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. BlackBerry now has a consensus rating of Hold and an average target price of $8.37. The performance for Year to Date (YTD) is 20.12%.Analysts mean Recommendation on a stock is noted at 2.70.
BlackBerry Ltd (NASDAQ:BBRY) yearly performance is 10.62% and net profit margin is -93.90%. The Average Volume of the company is 4.78 Million and P/E (price to earnings) ratio is 0, while Forward P/E ratio is 111.57. According to their predictions High & Low revenue estimates are 298 Million and 245.8 Million respectively. The Return on Investment (ROI) is at -44.5% while it's Return on Equity (ROE) value stands at -54.2%. WWAV generated revenue of $1.12 Billion in the same quarter, one year ago. During the same period in the previous year, the company posted ($0.03) EPS.
BBRY has been the subject of a number of recent analyst reports. Wells Fargo & Co restated a "market perform" rating on shares of BlackBerry in a research report on Thursday, December 22nd. Smartwatch Delay, Heart Rate Report Weigh on FitbitStock Shares of FIT are down 0.7% at $5.54, amid reports Fitbit Inc has delayed the launch of its premier smartwatch until the fall. The Median price target for the stock is set at $8.00. Finally, Credit Suisse Group AG reaffirmed an "underperform" rating and issued a $6.00 price objective on shares of BlackBerry in a research note on Friday, December 16th.
Several sell side analysts reviewed their recommendations on BlackBerry Limited (BBRY) where 0 analyst have rated the stock as Strong Buy, 4 analysts said it's a Buy, 11 rated the stock as Hold, 5 analysts reported Underperform and 0 analysts gave their recommendations as Sell.
The Company has 537.98 million shares outstanding and 530.23 million shares were floated in market.
Canada based company, BlackBerry Limited (BBRY)'s latest closing price distance was 21.40% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 23.97% and 20.96% compared with the 20 Day Moving Average. Staley Capital Advisers Inc. now owns 2,090,900 shares of the smartphone producer's stock valued at $16,685,000 after buying an additional 7,300 shares during the last quarter. BlackBerry also was the recipient of some unusual options trading activity on Wednesday.
Stocks have edged lower in early trading, ahead of a meeting between U.S. Secretary of State Rex Tillerson and Russia's foreign minister, Sergey Lavrov. This represents an increase of approximately 382% compared to the typical daily volume of 1,453 call options.
Institutional investors have recently bought and sold shares of the company. Iridian Asset Management LLC CT raised its stake in shares of BlackBerry by 45.3% in the fourth quarter. Bank of Montreal Can now owns 5,640,607 shares of the smartphone producer's stock worth $43,715,000 after buying an additional 113,419 shares during the period. CIBC World Markets Inc. boosted its position in BlackBerry by 3.0% in the third quarter.