Telsey Advisory Group Boosts GameStop Corp. Price Target to $51.00 (GME)
Equities research analysts at Telsey Advisory Group lifted their price objective on shares of GameStop Corp. (NYSE:GME) from $49.00 to $51.00 in a research note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 25.96% from the company’s current price.
Separately, 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. One investment 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 to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.92.
Shares of GameStop Corp. (NYSE:GME) traded up 6.74% during mid-day trading on Friday, hitting $43.22. 2,324,850 shares of the company’s stock traded hands. GameStop Corp. has a 52 week low of $33.10 and a 52 week high of $57.74. The stock’s 50-day moving average is $42.06 and its 200-day moving average is $39.37. The company has a market cap of $4.921 billion and a price-to-earnings ratio of 12.95. GameStop Corp. also saw some unusual options trading activity on Thursday. Stock investors purchased 11,760 call options on the stock. This is an increase of approximately 445% compared to the typical daily volume of 2,158 call options.
GameStop Corp. (NYSE:GME) last released its earnings data on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $0.09 earnings per share. GameStop Corp.’s revenue was up 25.0% compared to the same quarter last year. Analysts expect that GameStop Corp. will post $3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.26%.
GameStop Corp. (NYSE:GME) is a holding company.
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