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Best Buy Co (NYSE:BBY) has earned a “BB-” credit rating from Morningstar. The credit rating agency’s “BB-” rating indicates that the company is an above-average default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Best Buy Co from $35.00 to $37.00 in a research note on Wednesday, August 27th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Best Buy Co from $34.00 to $36.00 in a research note on Wednesday, August 27th. They now have an “outperform” rating on the stock. Finally, analysts at Piper Jaffray reiterated a “buy” rating on shares of Best Buy Co in a research note on Friday, August 22nd. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.25.

Best Buy Co (NYSE:BBY) opened at 31.35 on Wednesday. Best Buy Co has a 1-year low of $22.15 and a 1-year high of $44.66. The stock’s 50-day moving average is $30.42 and its 200-day moving average is $27.8. The company has a market cap of $10.951 billion and a price-to-earnings ratio of 11.70. Best Buy Co also was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 27,793,796 shares, a growth of 13.1% from the July 31st total of 24,579,290 shares. Based on an average daily volume of 2,938,124 shares, the days-to-cover ratio is currently 9.5 days. Approximately 9.8% of the company’s stock are short sold.

Best Buy Co (NYSE:BBY) last announced its earnings results on Tuesday, August 26th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.13. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.98 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that Best Buy Co will post $2.30 EPS for the current fiscal year.

In other Best Buy Co news, major shareholder Richard M. Schulze unloaded 1,600 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $31.81, for a total transaction of $50,896.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Best Buy Co, Inc is a multinational, multichannel retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.

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