GameStop Corp. PT Raised to $64.00 at Bank of America Corp. (GME)
Stock analysts at Bank of America Corp. raised their price objective on shares of GameStop Corp. (NYSE:GME) to $64.00 in a report issued on Thursday, Analyst Ratings Network reports. Bank of America Corp.’s price target suggests a potential upside of 15.90% from the company’s current price.
In other GameStop Corp. news, Director Steven R. Koonin sold 2,100 shares of the stock on the open market in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $51.53, for a total value of $108,213.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on GME. Analysts at Stifel Nicolaus initiated coverage on shares of GameStop Corp. in a research note to investors on Monday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at SunTrust set a $70.00 price target on shares of GameStop Corp. in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of GameStop Corp. in a research note to investors on Wednesday, October 16th. They now have a $54.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $52.52.
GameStop Corp. (NYSE:GME) traded down 0.05% during mid-day trading on Thursday, hitting $55.19. 770,870 shares of the company’s stock traded hands. GameStop Corp. has a one year low of $18.90 and a one year high of $56.08. The stock’s 50-day moving average is $51.79 and its 200-day moving average is $44.11. The company’s market cap is $6.451 billion.
GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, August 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. Analysts expect that GameStop Corp. will post $3.22 EPS for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
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