Credit Suisse Lowers Research In Motion Earnings Estimates (RIMM)
Credit Suisse (NYSE: CS) decreased their EPS estimates on shares of Research In Motion (NASDAQ: RIMM) in a research note issued on Friday. The firm currently has a “neutral” rating and a $14.50 price target on the company’s shares.
RIMM has been the subject of a number of other recent research reports. Analysts at TD Securities initiated coverage on shares of Research In Motion in a research note to investors on Monday, April 23rd. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Research In Motion in a research note to investors on Thursday, April 19th. They now have a $12.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated an “underperform” rating on shares of Research In Motion in a research note to investors on Tuesday, April 10th. They now have a $12.00 price target on the stock.
Shares of Research In Motion traded up 0.10% during mid-day trading on Friday, hitting $11.812. Research In Motion has a 52 week low of $12.45 and a 52 week high of $48.95. The company has a market cap of $6.088 billion and a P/E ratio of 5.32.
Research In Motion last announced its earnings results on Thursday, March 29th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.01. Research In Motion’s revenue was down 24.6% compared to the same quarter last year. On average, analysts predict that Research In Motion will post $0.35 earnings per share next quarter.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.