Best Buy Co Receives “Buy” Rating from Jefferies Group (BBY)
Best Buy Co (NYSE:BBY) opened at 26.22 on Friday. Best Buy Co has a 52 week low of $22.15 and a 52 week high of $44.66. The stock’s 50-day moving average is $25.69 and its 200-day moving average is $30.96. The company has a market cap of $9.099 billion and a P/E ratio of 16.53. Best Buy Co also saw some unusual options trading on Tuesday. Stock investors acquired 17,654 put options on the company. This represents an increase of approximately 641% compared to the typical daily volume of 2,384 put options.
Best Buy Co (NYSE:BBY) last released its earnings data on Thursday, May 22nd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.13. The company had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company posted $0.36 earnings per share. Best Buy Co’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that Best Buy Co will post $2.20 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Best Buy Co in a research note on Thursday. Separately, analysts at Piper Jaffray reiterated a “buy” rating on shares of Best Buy Co in a research note on Monday. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.27.
Best Buy Co, Inc is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services.
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