Macquarie Reaffirms Neutral Rating on Research In Motion (RIMM)
Research In Motion (NASDAQ: RIMM)‘s stock had its “neutral” rating reiterated by equities research analysts at Macquarie in a research note issued to investors on Tuesday. They currently have a $14.50 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Research In Motion in a research note on Friday. They now have a “neutral” rating and a $14.50 price target on the stock. Separately, 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. Finally, 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.
Research In Motion opened at 11.23 on Tuesday. Research In Motion has a 1-year low of $12.45 and a 1-year high of $42.50. The company has a market cap of $5.788 billion and a price-to-earnings ratio of 5.06.
Research In Motion last released its earnings data 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. Analysts expect that Research In Motion will post $0.33 EPS next quarter.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.