Monday, 11 December, 2017

Analyst Overview: BlackBerry Limited (NASDAQ:BBRY)

Javier Burns | 05 April, 2017, 02:38

Institutional investors and hedge funds own 62.41% of the company's stock.

Looking about the past performance history, the company jumped 10.01% in past week and climbed 13.37% in one month.

Our thanks to investment research platform Seeking Alpha for the transcriptions from BlackBerry's March 31 Q4 earnings call. The company has price to cash ratio of 3.24.

According to the analysts, BlackBerry Limited (NASDAQ:BBRY) now has a Mean Price Target of $7.92. Zacks Investment Research lowered BlackBerry from a "buy" rating to a "hold" rating in a report on Monday, January 23rd. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. BlackBerry presently has a consensus rating of "Hold" and a consensus target price of $8.04.

BlackBerry (NASDAQ:BBRY) published a stronger than expected set of Q4 FY'17 results, as it cut costs following its decision to exit the handset business, while continuing to grow its mobility software business. Morgan Stanley Maintains the stock to Equal-Weight on 9/29/16 by stationing a price target of $7. BlackBerry Ltd (NASDAQ:BBRY) shares were trading -7.80% below from the 52-week high price mark of $8.46 and +25.20% above from the 52-week price bottom of $6.23. However the company's price to cash per share for most recent quarter stands at 3.24. According to their observations and findings, the stock could provide a high EPS of $0.81/share and a Low EPS of $0.74/share.

Lawyer tapped for Education role helped Trump campaign attack Clinton
The tweet comes after the president said Sunday that "the real story turns out to be surveillance and leaking ". He has continued to push back against reports on his campaign's ties to Russian Federation .

BlackBerry (NASDAQ:BBRY) last posted its earnings results on Friday, March 31st. For the Current Quarter, 20 analysts are projecting the mean EPS to be $0.77/share. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%.

Several equities research analysts have recently issued reports on BB shares.

BlackBerry - already a largely software-based company - is aiming to grab a larger portion of the automobile market as the connected vehicle market progresses, the Canadian company's fourth-quarter fiscal 2017 results show.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/04/04/blackberry-ltd-bbry-stock-rating-reaffirmed-by-canaccord-genuity.html. The last session's volume of 15.66 million shares was higher than its average volume of 5.55 million shares. UBS Asset Management Americas Inc. increased its stake in BlackBerry by 7.9% in the fourth quarter. Norges Bank purchased a new stake in BlackBerry during the fourth quarter worth approximately $24,556,000.

The stock showed weekly upbeat performance of 10.01%, which was maintained for the month at 13.37%. Palo Capital Inc. bought a new stake in BlackBerry during the third quarter valued at about $136,000.

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