Canaccord Genuity reaffirmed their hold rating on shares of BlackBerry (NYSE:BB) in a research report released on Thursday, December 21st. The brokerage currently has a $11.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a hold rating and issued a $9.50 target price on shares of BlackBerry in a research report on Friday, September 22nd. Vetr cut shares of BlackBerry from a strong-buy rating to a buy rating and set a $10.20 price target for the company. in a research note on Tuesday, September 26th. BidaskClub cut shares of BlackBerry from a sell rating to a strong sell rating in a research note on Wednesday, August 23rd. TD Securities reiterated a buy rating and issued a $11.50 price target on shares of BlackBerry in a research note on Tuesday, September 26th. Finally, BMO Capital Markets reiterated a hold rating and issued a $10.00 price target on shares of BlackBerry in a research note on Friday, September 29th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $10.48.
Shares of BlackBerry (NYSE:BB) opened at $13.65 on Thursday. The stock has a market cap of $7,320.59, a price-to-earnings ratio of 25.28 and a beta of 1.09. BlackBerry has a 12-month low of $6.65 and a 12-month high of $14.55. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.33.
BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.49). The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $216.70 million. BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. The firm’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. research analysts expect that BlackBerry will post -0.02 EPS for the current fiscal year.
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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.
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