Equities researchers at Maxim Group boosted their target price on shares of Barnes & Noble (NYSE: BKS) from $20.00 to $32.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock.
Shares of Barnes & Noble opened at 20.75 on Monday. Barnes & Noble has a one year low of $9.35 and a one year high of $26.00. The company’s market cap is $1.206 billion.
The company last announced its quarterly results on Tuesday, February 21st. It reported $0.71 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.96 EPS by $0.25. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Barnes & Noble will post $-1.10 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Barnes & Noble in a research note to investors on Monday.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. The Company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.