GameStop Corp. Given Average Rating of “Buy” by Analysts (NYSE:GME)
GameStop Corp. (NYSE:GME) has been given a consensus rating of “Buy” by the sixteen analysts that are currently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $50.92.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. cut their price target on shares of GameStop Corp. from $34.71 to $33.00 in a research note on Monday. Separately, analysts at Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research note on Friday, May 23rd.
Shares of GameStop Corp. (NYSE:GME) traded up 1.44% during mid-day trading on Monday, hitting $40.21. 592,074 shares of the company’s stock traded hands. GameStop Corp. has a 1-year low of $33.10 and a 1-year high of $57.74. The stock has a 50-day moving average of $42.03 and a 200-day moving average of $39.21. The company has a market cap of $4.578 billion and a P/E ratio of 12.68.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.02. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that GameStop Corp. will post $3.68 earnings per share for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
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