23 May, 2017
Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.71.
Several brokerages have recently weighed in on BBRY. Canaccord Genuity reaffirmed a "hold" rating and issued a $8.00 price objective on shares of BlackBerry in a research note on Friday, March 31st. Imperial Capital reissued an "in-line" rating and issued a $8.25 target price on shares of BlackBerry in a research report on Thursday, April 6th. Global Equities Research assumed coverage on shares of BlackBerry in a research report on Monday, March 13th. Finally, Zacks Investment Research raised BlackBerry from a "hold" rating to a "strong-buy" rating and set a $9.00 price objective for the company in a research report on Wednesday, April 5th. The firm has "Outperform" rating by Macquarie Research given on Monday, April 3. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.
Analysts give MET a mean recommendation of 2.40. Canada Pension Plan Investment Board now owns 165,227 shares of the smartphone producer's stock worth $1,315,000 after buying an additional 42,000 shares in the last quarter. Norges Bank acquired a new position in BlackBerry during the fourth quarter worth approximately $24,556,000. Finally, First Allied Advisory Services Inc. boosted its position in shares of BlackBerry by 9.4% in the fourth quarter. OppenheimerFunds Inc. boosted its position in shares of BlackBerry by 83.9% in the first quarter. Staley Capital Advisers Inc. raised its position in BlackBerry by 0.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,487,443 shares of the smartphone producer's stock worth $107,345,000 after buying an additional 1,604,050 shares in the last quarter. Because of these issues, institutional investors seldom invest in low-float stocks.
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Media headlines about BlackBerry (NASDAQ:BBRY) (TSE:BB) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. The stock of BlackBerry Ltd (NASDAQ:BBRY) earned "In-Line" rating by Imperial Capital on Tuesday, September 29.
The volume of the particular stock is the shares bought and sold in a single trading day.
The share of BlackBerry Limited (BBRY) now has a value of $10.38 while the company's 52 week low is at $6.23, the shares dropped to the 52 week low on 06/27/16. The company's 50-day moving average price is $9.01 and its 200 day moving average price is $7.68. The firm's market capitalization is $5.29 billion. The Lower end of the earnings estimate is $-0.02, while the higher end of the earnings estimate is $0.04.
The High Revenue estimate is predicted as 298 Million, while the Low Revenue Estimate prediction stands at 245.8 Million. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%. The firm's revenue for the quarter was down 39.0% compared to the same quarter a year ago. During the same period a year ago, the company earned ($0.03) EPS.
Yet another important factor while evaluating a good buy/sell decision for BlackBerry Limited (BBRY) is its Earnings per Share or EPS.
Now the shares of BlackBerry Limited (BBRY) has the trading volume of 6.75 Million shares with the average trading volume of 8290 shares. The Company is engaged in the sale of smartphones and enterprise software and services.
