Black Diamond (NYSE:BDE) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports.
A number of other firms have also recently commented on BDE. Analysts at Thomson Reuters/Verus downgraded shares of Black Diamond from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Black Diamond from $15.00 to $19.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Black Diamond in a research note to investors on Monday, October 7th. They now have a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.30.
Shares of Black Diamond (NYSE:BDE) opened at 14.71 on Tuesday. Black Diamond has a 52 week low of $7.55 and a 52 week high of $15.15. The stock’s 50-day moving average is $13.42 and its 200-day moving average is $10.72. The company’s market cap is $469.2 million.
Black Diamond (NYSE:BDE) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $52.78 million for the quarter, compared to the consensus estimate of $60.04 million. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that Black Diamond will post $-0.12 EPS for the current fiscal year.
Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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