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BlackBerry Ltd (BB) PT Raised to C$14.50 at Scotiabank

28 June 2017

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last issued its earnings results on Friday, March 31st. For the next fiscal year, analysts forecast that the company will post sales of $1.01 billion per share, with estimates ranging from $955.00 million to $1.12 billion. The smartphone producer reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.08. The company has a 50-day moving average of $14.06 and a 200 day moving average of $11.01.

BlackBerry Limited (BBRY) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 79.76 P/E and the sector P/E is 28.06.

Other analysts also recently issued reports about the company.

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Let's take an assessment at how BlackBerry Limited (BBRY) has been performing. Wells Fargo & Company reiterated a market perform recommendation and given a $9.00 target price (up prior from $8.50) on stocks of BlackBerry in a note on Monday. That value represents a market adjusting for revenues that have been falling by -38.36 % on a quarterly year/year basis as of the company's last quarterly report. The current share price indicate that stock is -8.38% away from its one year high and is moving 22.38% ahead of its 52-week low.

BlackBerry (NASDAQ:BBRY) (TSE:BB) previously issued its periodic earnings reports on early Fri, Jun 23rd. TD Securities lifted the price target on BlackBerry from $10.00 to $11.50 and issued the company a buy recommendation in a note on Monday. Scotiabank upgraded shares of BlackBerry Limited from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, April 12th.

BlackBerry Limited (BBRY) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock now has an average rating of Hold and a consensus target price of $9.38. The market capitalization of the company is at $5.3 Billion. State Street Corp boosted its position in BlackBerry Limited by 4.3% in the fourth quarter.

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TRADEMARK VIOLATION WARNING: This article was originally published by [[site]] and is the sole property of of [[site]]. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and worldwide trademark & copyright laws. Over the last three months, insiders have sold 204,170 shares of company stock valued at $1,634,192. Finally, FNY Partners Fund LP purchased a new stake in shares of BlackBerry Limited during the first quarter valued at approximately $147,000.

Software maker BlackBerry Ltd (NASDAQ:BBRY)'s long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target. The Company is engaged in the sale of smartphones and enterprise software and services.

Beta is also an important valuation ratio for analyzing the stock of the company, BBRY has Beta of 0.97 while its industry and Sector's beta remains at 0.67 and 0.79 respectively.

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