Gamestop Corporation (NYSE:GME) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday. The firm presently has a $33.36 target price on the stock. Vetr‘s price target suggests a potential upside of 64.42% from the company’s previous close.

Other research analysts have also issued reports about the company. ValuEngine lowered Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Loop Capital reiterated a “buy” rating and issued a $28.00 target price on shares of Gamestop Corporation in a report on Wednesday, August 23rd. Zacks Investment Research lowered Gamestop Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Thursday, May 25th. Finally, Mizuho reiterated a “buy” rating and issued a $27.00 target price on shares of Gamestop Corporation in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Gamestop Corporation presently has an average rating of “Hold” and an average price target of $25.53.

Gamestop Corporation (GME) traded up 1.05% during trading on Friday, hitting $20.29. The stock had a trading volume of 2,505,369 shares. The company has a market cap of $2.06 billion, a PE ratio of 6.11 and a beta of 1.19. The company’s 50 day moving average is $20.57 and its 200-day moving average is $22.11. Gamestop Corporation has a 12 month low of $18.47 and a 12 month high of $28.58.

Gamestop Corporation (NYSE:GME) last posted its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. Gamestop Corporation’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, equities research analysts predict that Gamestop Corporation will post $3.30 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Gamestop Corporation (GME) Rating Increased to Strong-Buy at Vetr Inc.” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/16/gamestop-corporation-gme-rating-increased-to-strong-buy-at-vetr-inc.html.

Several hedge funds have recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its holdings in Gamestop Corporation by 9.4% in the 2nd quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock valued at $112,000 after purchasing an additional 447 shares in the last quarter. Westpac Banking Corp acquired a new stake in Gamestop Corporation in the 1st quarter valued at $134,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gamestop Corporation by 126.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock valued at $149,000 after purchasing an additional 3,700 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in Gamestop Corporation in the 2nd quarter valued at $162,000. Finally, LS Investment Advisors LLC increased its holdings in Gamestop Corporation by 17.3% in the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after purchasing an additional 1,213 shares in the last quarter.

About Gamestop Corporation

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Gamestop Corporation (NYSE:GME)

Receive News & Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related companies with MarketBeat.com's FREE daily email newsletter.