Analysts’ Weekly Ratings Updates for Black Diamond (BDE)

Black Diamond (NASDAQ: BDE) recently received a number of ratings updates from brokerages and research firms:

  • 8/8/2017 – Black Diamond was given a new $7.00 price target on by analysts at Roth Capital. They now have a “hold” rating on the stock.
  • 8/4/2017 – Black Diamond was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “
  • 8/2/2017 – Black Diamond was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $8.00 price target on the stock, up previously from $6.00.
  • 7/25/2017 – Black Diamond was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.25 price target on the stock. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “
  • 7/24/2017 – Black Diamond was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “
  • 7/18/2017 – Black Diamond was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.50 price target on the stock. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “
  • 6/27/2017 – Black Diamond was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “
  • 6/16/2017 – Black Diamond was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $7.50 price target on the stock. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “

Black Diamond, Inc. (NASDAQ BDE) opened at 7.05 on Wednesday. The company’s 50 day moving average is $6.67 and its 200-day moving average is $5.92. Black Diamond, Inc. has a 52-week low of $4.41 and a 52-week high of $7.15.

Black Diamond (NASDAQ:BDE) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.08. Black Diamond had a negative return on equity of 0.71% and a negative net margin of 4.51%. The business had revenue of $30.70 million during the quarter, compared to analysts’ expectations of $30.63 million. During the same period in the previous year, the business earned ($0.08) EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that Black Diamond, Inc. will post $0.08 earnings per share for the current year.

Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.

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