GameStop Corp. Given “Neutral” Rating at Zacks (GME)
GameStop Corp. (NYSE:GME)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Monday. They currently have a $45.00 target price on the stock. Zacks‘s price objective would suggest a potential upside of 4.90% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of GameStop Corp. from $49.00 to $51.00 in a research note on Friday. They now have a “not rated” rating 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, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.50.
GameStop Corp. (NYSE:GME) traded down 0.83% on Monday, hitting $42.545. The stock had a trading volume of 1,151,392 shares. GameStop Corp. has a one year low of $33.10 and a one year high of $57.74. The stock’s 50-day moving average is $42.09 and its 200-day moving average is $39.43. The company has a market cap of $4.833 billion and a P/E ratio of 13.11.
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 $3.69 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 3.08%. The ex-dividend date is Friday, August 29th.
GameStop Corp. (NYSE:GME) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.
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