Barclays Capital Reiterates Equalweight on Best Buy Co. (BBY)
A number of other analysts have also recently weighed in on BBY. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Best Buy Co. to $16.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) downgraded shares of Best Buy Co. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 11st. They now have a $20.00 price target on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Best Buy Co. in a research note to investors on Thursday, May 10th.
Best Buy Co. opened at 18.02 on Friday. Best Buy Co. has a 1-year low of $21.13 and a 1-year high of $32.85. The company’s market cap is $6.166 billion.
Best Buy Co. last released its earnings data on Thursday, March 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.31. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Best Buy Co. will post $0.00 EPS next quarter.
Best Buy Co, Inc. is a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services.