Scotiabank Downgrades BlackBerry (NYSE:BB) to Sector ...

Scotiabank decreased shares of BlackBerry (NYSE:BB) from a sector operate rating to a sector underperform rating in a analysis record sent to buyers on Wednesday, The Fly stories.

a few different analysts have additionally these days commented on the business. Raymond James lifted their price goal on BlackBerry from $7.50 to $eight.00 and gave the inventory a market function ranking in a research document on Sunday, December twentieth. Royal bank of Canada reduce BlackBerry from a sector operate rating to an underperform score and set a $7.50 cost target for the company. in a analysis document on Tuesday, January 26th. Zacks investment analysis raised BlackBerry from a hang score to a purchase ranking and set a $7.50 expense objective for the business in a report on Tuesday, December twenty second. eventually, TD Securities boosted their cost goal on BlackBerry from $5.50 to $eight.50 and gave the enterprise a hold score in a file on Friday, December 18th. Two funding analysts have rated the stock with a promote score, seven have assigned a hang ranking and one has assigned a buy ranking to the inventory. The company has a consensus ranking of dangle and a consensus cost target of $6.39.

Shares of BB stock opened at $14.10 on Wednesday. BlackBerry has a 1-12 months low of $2.70 and a 1-year high of $28.seventy seven. The stock's fifty day moving normal expense is $9.21 and its 200 day relocating average cost is $6.16. The business has a debt-to-fairness ratio of 0.25, a existing ratio of two.27 and a short ratio of 2.27. The enterprise has a market cap of $7.ninety four billion, a cost-to-profits ratio of -9.53 and a beta of 1.sixty six.

BlackBerry (NYSE:BB) ultimate issued its quarterly profits effects on Wednesday, December 16th. The enterprise reported $0.02 EPS for the quarter, topping the Zacks' consensus estimate of ($0.01) through $0.03. BlackBerry had a positive return on fairness of 4.12% and a terrible internet margin of 86.01%. The business had profits of $224.00 million throughout the quarter, compared to analysts' expectations of $224.seventy two million. all the way through the identical quarter in the old yr, the firm posted $0.03 EPS. The firm's revenue became down 20.0% in comparison to the same quarter ultimate yr. As a gaggle, equities research analysts expect that BlackBerry will put up 0.06 salary per share for the latest year.

In related news, CEO John S. Chen offered 558,003 shares of BlackBerry inventory in a transaction dated Tuesday, November 3rd. The stock was sold at an ordinary price of $4.67, for a total price of $2,605,874.01. Following the completion of the transaction, the executive government officer now owns 5,783,191 shares in the enterprise, valued at about $27,007,501.ninety seven. The sale changed into disclosed in a doc filed with the SEC, which is attainable in the course of the SEC web site. also, EVP Billy Ho offered 20,000 shares of BlackBerry stock in a transaction dated Wednesday, January twentieth. The shares had been bought at a standard cost of $12.ninety five, for a total price of $259,000.00. Following the completion of the transaction, the government vice president now owns 218,462 shares of the enterprise's stock, valued at approximately $2,829,082.90. The disclosure for this sale can also be discovered right here. in the ultimate ninety days, insiders sold 689,457 share s of business stock valued at $4,285,061. 1.56% of the stock is owned by means of business insiders.

a few tremendous buyers have lately bought and offered shares of BB. Wells Fargo & business MN increased its stake in BlackBerry with the aid of fifty five.1% during the third quarter. Wells Fargo & enterprise MN now owns 7,185,252 shares of the business's inventory worth $32,981,000 after buying an further 2,552,086 shares within the remaining quarter. Acadian Asset management LLC bought a brand new stake in BlackBerry throughout the 3rd quarter price about $4,464,000. Kirr Marbach & Co. LLC IN bought a new stake in BlackBerry during the 4th quarter worth approximately $3,779,000. Point72 Asset management L.P. purchased a new stake in BlackBerry during the third quarter price approximately $2,383,000. finally, Morgan Stanley increased its stake in BlackBerry through 26.8% throughout the 3rd quarter. Morgan Stanley now owns 1,922,759 shares of the company's stock value $eight,826,000 after buying an further 406,952 shares within the final quarter. Institutional inv estors own forty six.60% of the company's inventory.

BlackBerry company Profile

BlackBerry limited gives clever safety software and services to businesses and governments global. The company leverages synthetic intelligence and computing device researching to deliver options in the areas of cybersecurity; defense and records privacy; and endpoint safety administration, encryption, and embedded programs.

further analyzing: Intrinsic cost

acquire news & scores for BlackBerry every day - Enter your e-mail tackle below to get hold of a concise every day summary of the latest news and analysts' ratings for BlackBerry and connected organizations with MarketBeat.com's FREE each day email publication.