What Are Analysts Report About BlackBerry Limited (BBRY)

Lynne Hanson
April 5, 2017

Scotiabank's price objective points to a potential upside of 37.42% from the company's previous close.

A number of brokerages have weighed in on BB.

Overall, for the quarter ended February 28, BlackBerry reported a net loss down to $47 million - or $0.10 per share - from $238 million, or 45 cents per share, in the fourth quarter fiscal 2016, on revenue down 38% to $286 million. Finally, TD Securities reaffirmed a "buy" rating and issued a C$10.00 price objective on shares of BlackBerry in a report on Tuesday, March 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Canaccord Genuity reissued their hold rating on shares of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) in a research note released on Friday morning.

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Stock is now moving with a positive distance from the 200 day simple moving average of approximately 6.51%, and has a solid year to date (YTD) performance of 13.21% which means the stock is constantly adding to its value from the previous fiscal year end price. BlackBerry broke out to over a 3-month high and re-crossed its 50 and 200-day moving averages. BlackBerry has a 12 month low of $6.23 and a 12 month high of $8.46. The stock's market cap is $4.11 billion. This showed the surprise of 0% in the last quarter earnings. These analysts have also projected a Low Estimate of $-0.02/share and a High Estimate of $0.03/share. The Return on Equity (ROE) and Return on Investment values are -55.6 percent and -3.3 percent respectively. Whereas for the next year revenues are set at $978.48M by 12 analysts. "For example, companies providing medical monitoring devices must protect health data on the device, guarantee it connects securely to the healthcare system, and most importantly ensure that it can not be hacked, BlackBerry Secure helps solve this triple threat", said John Chen, Executive Chairman and CEO, BlackBerry. Equities research analysts forecast that BlackBerry will post $0.02 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was posted by BBNS and is the property of of BBNS. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2017/04/03/blackberry-ltd-bbry-given-a-10-65-price-target-by-scotiabank-analysts.html. Hedge funds and other institutional investors own 62.41% of the company's stock. BNP Paribas Arbitrage SA raised its stake in BlackBerry by 0.4% in the third quarter. If and when self-driving cars take off, Blackberry is going to make a great deal of money from in-car apps and the components it's developing, providing a crucial growth catalyst for BlackBerry stock. Iridian Asset Management LLC CT increased its stake in BlackBerry by 45.3% in the fourth quarter. Assenagon Asset Management S.A. purchased a new stake in BlackBerry during the fourth quarter worth approximately $596,000.

Treiber also highlighted the potentially large opportunity BlackBerry could have in the automotive market, as the company shift from infotainment to telematics and connected vehicles.

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