Best Buy Co., Inc. (BBY) Given "Buy" Rating by Jefferies Analysts
Friday, June 24, 2021 6:10 PM

Related Stories



Equities research analysts at Jefferies reiterated a "buy" rating on shares of Best Buy Co., Inc. (NYSE: BBY) in a research note to investors on Friday.

Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a "buy" rating on shares of Best Buy Co., Inc. in a research note to investors on Friday. They now have a $34.00 price target on the stock. Also, analysts at UBS AG (NYSE: UBS) initiated coverage on shares of Best Buy Co., Inc. in a research note to investors on Thursday, June 16th. They set a "neutral" rating and a $32.00 price target on the stock.

Shares of Best Buy Co., Inc. traded up 1.12% during mid-day trading on Monday, hitting $32.48. Best Buy Co., Inc. has a 52 week low of $28.09 and a 52 week high of $45.63. The stock's 50-day moving average is $30.88 and its 200-day moving average is $32.54. The company has a market cap of $12.592 billion and a price-to-earnings ratio of 10.36.

Best Buy Co., Inc. last announced its quarterly results on Tuesday, June 14th. The company reported $0.35 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.33 EPS by $0.02. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Best Buy Co., Inc. will post $0.54 EPS next quarter.

Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services. It operates in two segments: Domestic and International. The Domestic segment is consisted of the operations in all states, districts and territories of the United States, operating under various brand names, including, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and Speakeasy. The International segment is consisted of all Canada operations, operating under the brand names Best Buy, Best Buy Mobile, Future Shop and Geek Squad; all Europe operations, operating under the brand names The Carphone Warehouse, The Phone House and Geek Squad; all China operations, operating under the brand names Best Buy, Geek Squad and Five Star; all Mexico operations, operating under the brand names Best Buy and Geek Squad and all Turkey operations, operating under the brand names Best Buy and Geek Squad.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement