BlackBerry (NYSE:BB)‘s stock had its “in-line” rating reaffirmed by stock analysts at Imperial Capital in a report issued on Friday, Marketbeat Ratings reports. They currently have a $11.00 price target on the stock, up from their previous price target of $10.00. Imperial Capital’s price target indicates a potential downside of 5.17% from the stock’s current price.

BB has been the topic of a number of other reports. Scotiabank reissued an “outperform” rating and issued a $13.50 price objective on shares of BlackBerry in a research note on Thursday, September 21st. Zacks Investment Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, November 28th. Royal Bank of Canada increased their price objective on shares of BlackBerry from $9.50 to $10.50 and gave the company a “sector perform” rating in a research note on Friday, September 29th. Vetr cut shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 price objective on the stock. in a research note on Tuesday, September 26th. Finally, Bank of America upped their target price on shares of BlackBerry from $7.50 to $8.00 and gave the company an “underperform” rating in a report on Friday, September 22nd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. BlackBerry currently has an average rating of “Hold” and a consensus price target of $10.26.

Shares of BlackBerry (NYSE:BB) traded down $0.20 during midday trading on Friday, reaching $11.60. 4,822,500 shares of the company were exchanged, compared to its average volume of 6,216,873. The firm has a market cap of $6,100.00, a PE ratio of 12.08 and a beta of 1.09. BlackBerry has a 12-month low of $6.65 and a 12-month high of $12.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.26 and a current ratio of 4.26.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Wednesday, December 20th. The company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). The business had revenue of $235.00 million during the quarter, compared to analyst estimates of $216.70 million. BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. BlackBerry’s revenue was down 21.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. analysts predict that BlackBerry will post -0.02 earnings per share for the current 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.

Analyst Recommendations for BlackBerry (NYSE:BB)

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