Bed Bath & Beyond Price Target Raised to $84.00 at Canaccord Genuity (BBBY)
Analysts at Canaccord Genuity increased their price objective on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $79.00 to $84.00 in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 11.13% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from a “hold” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Credit Suisse raised their price target on shares of Bed Bath & Beyond (NASDAQ:BBBY) from $75.00 to $80.00 in a research note to investors on Monday, August 26th. They now have an “outperform” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $77.70.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.35% on Friday, hitting $75.325. 911,943 shares of the company’s stock traded hands. Bed Bath & Beyond has a one year low of $54.33 and a one year high of $78.25. The stock has a 50-day moving average of $74.53 and a 200-day moving average of $69.93. The company has a market cap of $16.109 billion and a P/E ratio of 16.38.
Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings data on Wednesday, June 26th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.75. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts predict that Bed Bath & Beyond will post $5.02 earnings per share for the current fiscal year.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
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