Blackline Safety (TSE:BLN) Stock Rating Lowered by Raymond James Financial

Blackline Safety (TSE:BLN) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued on Friday,BayStreet.CA reports. They currently have a C$9.38 price target on the stock, down from their prior price target of C$10.00. Raymond James Financial’s price objective would suggest a potential upside of 5.16% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada set a C$9.00 target price on Blackline Safety and gave the company an “outperform” rating in a research note on Thursday, December 18th. Ventum Financial lowered Blackline Safety from a “buy” rating to a “tender” rating and increased their target price for the company from C$8.25 to C$9.00 in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Blackline Safety has an average rating of “Moderate Buy” and a consensus price target of C$9.28.

Blackline Safety Price Performance

BLN stock opened at C$8.92 on Friday. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02. Blackline Safety has a 1 year low of C$5.90 and a 1 year high of C$9.00. The firm has a market cap of C$776.25 million, a P/E ratio of -74.33 and a beta of 0.82. The stock has a 50-day simple moving average of C$6.87 and a 200-day simple moving average of C$6.88.

Blackline Safety (TSE:BLN) last posted its earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. The company had revenue of C$38.85 million during the quarter. On average, equities analysts predict that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.