Blackline Safety Corp. (TSE:BLN) Given Average Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold" rating from five analysts (1 sell, 2 hold, 2 buy) with an average 12‑month price target of C$9.23.
• Several brokers recently downgraded the shares—Ventum to "tender" (C$9.00), Raymond James to "market perform" (C$9.38) and TD to "sell" (C$9.00 target despite the downgrade).
• Company snapshot: shares opened at C$8.97 with a market cap of ~C$780.6M; last quarter EPS was C($0.03) on C$38.85M revenue, with negative margins and an expected FY EPS of -0.05.

Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$9.23.

BLN has been the subject of several recent research reports. Ventum Financial lowered Blackline Safety from a "buy" rating to a "tender" rating and increased their price objective for the stock from C$8.25 to C$9.00 in a report on Thursday, April 9th. Raymond James Financial lowered Blackline Safety from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$10.00 to C$9.38 in a research report on Friday, April 10th. Finally, TD downgraded Blackline Safety from a "hold" rating to a "sell" rating and raised their price target for the stock from C$8.00 to C$9.00 in a research note on Monday, April 13th.

Blackline Safety Stock Performance

Shares of BLN opened at C$8.97 on Friday. The company has a market capitalization of C$780.60 million, a PE ratio of -74.75 and a beta of 0.87. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02. The company's 50 day moving average price is C$7.76 and its 200 day moving average price is C$7.08. Blackline Safety has a 52 week low of C$5.90 and a 52 week high of C$9.06.

Blackline Safety (TSE:BLN - Get Free Report) last released 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 return on equity of 13.41% and a negative net margin of 6.83%.The company had revenue of C$38.85 million during the quarter. Research analysts expect that Blackline Safety will post -0.05 EPS 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.

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