GameStop Corp. Price Target Cut to $55.00 by Analysts at BB&T Corp. (GME)
BB&T Corp. dropped their price objective on shares of GameStop Corp. (NYSE:GME) from $65.00 to $55.00 in a research note issued on Friday, American Banking News reports. BB&T Corp.’s target price would indicate a potential upside of 56.83% from the company’s current price.
Shares of GameStop Corp. (NYSE:GME) traded down 0.68% during mid-day trading on Friday, hitting $35.07. 4,258,847 shares of the company’s stock traded hands. GameStop Corp. has a 1-year low of $23.36 and a 1-year high of $57.74. The stock’s 50-day moving average is $44.10 and its 200-day moving average is $48.74. The company has a market cap of $4.061 billion and a price-to-earnings ratio of 10.66.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that GameStop Corp. will post $3.03 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of GameStop Corp. in a research note to investors on Wednesday. They now have a $38.00 price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of GameStop Corp. to a “neutral” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Sterne Agee downgraded shares of GameStop Corp. to a “buy” rating in a research note to investors on Wednesday, January 15th. They now have a $52.00 price target on the stock, down previously from $58.00. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.37.
GameStop Corp. (NYSE:GME) is a holding company.
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