BlackBerry Limited (NASDAQ:BBRY) Sees Volume Pop in Session

Doris Richards
October 3, 2017

The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/02/blackberry-limited-bbry-receives-average-rating-of-hold-from-analysts.html. Therefore 76% are positive. Inogen had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The rating has been revealed in analysts note on Friday morning. The firm has "Neutral" rating given on Thursday, March 24 by Piper Jaffray. At the time of writing, the First Call consensus price target for the company is $3.88. Deutsche Bank has "Buy" rating and $52 target. They set a sell rating and a $8.50 price target on the stock. UBS maintained Newell Brands Inc (NYSE:NWL) on Monday, May 2 with "Buy" rating.

Scotiabank reaffirmed their outperform rating on shares of BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) in a research report released on Thursday, September 21st, StockTargetPrices.com reports. $21.53's average target is 54.34% above currents $13.95 stock price. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 20.84% and standing 22.34% away from 50-Day Simple Moving Average while traded up 30.28% from 200-Day Simple Moving Average. Credit Suisse Group reiterated an "underperform" rating and issued a $8.00 price target on shares of BlackBerry Limited in a research report on Tuesday, June 6th.

BlackBerry Limited (NASDAQ:BBRY) displayed a change of 1.43% after which it closed the day' session at $11.34. On Wednesday, August 12 the stock rating was maintained by Stifel Nicolaus with "Buy". BlackBerry Ltd (NASDAQ:BBRY) has risen 55.16% since September 30, 2016 and is uptrending. The firm has "Market Perform" rating by William Blair given on Friday, April 7. TD Securities maintained the stock with "Buy" rating in Monday, June 26 report.

BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. The company has market cap of $7.41 billion. $102 million coming from enterprise software and services, while the Technology Solutions unit added $56 million. while IP and licensing added $56 million to revenue. It has a 50.88 P/E ratio. From the opening price, the stock has seen a change of 0.54% recently clocking in with a price of $11.21. It has outperformed by 38.46% the S&P500.

Since May 9, 2017, it had 0 insider purchases, and 3 selling transactions for $1.25 million activity.

BlackBerry Limited announced that its board has initiated a stock repurchase plan on Friday, June 23rd that authorizes the company to repurchase 31,000,000 shares. Its down 0.17, from 1.11 in 2017Q1.


Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. 72 funds opened positions while 196 raised stakes.

In case of Revenue Estimates, 11 analysts have provided their consensus Average Revenue Estimates for BlackBerry Limited as 218.77 Million. Mitsubishi Ufj Hldgs holds 0.39% or 1,360 shares in its portfolio. Vanguard Group Inc now owns 109,861 shares worth $1,098,000. Banque Pictet And Cie accumulated 412,819 shares. Fiduciary Trust holds 5,805 shares.

The TTM operating margin for the company stands at 0%.

Consequently Blackberry Limited (NASDAQ:BBRY)'s weekly and monthly volatility is 5.43%, 3.35% respectively.

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