Analyst Ratings for Best Buy Co. Inc. (BBY)

Updated: 2017-07-28

Shares of Best Buy Co. Inc. (NYSE:BBY) have received a consensus rating of Hold from Wall Street analysts. BBY had previously received a consensus rating of Hold a month ago.

Of the 27 analysts covering the stock, 8 gave it a buy rating, 0 issued an overweight rating, 17 gave a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.

Several price targets were given for BBY by the analysts covering the stock. The maximum price target given was 72, implying a possible profit of 26.21 percent. The most pessimistic price target was 29, implying potential capital losses of -49.17 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 5.89 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.13 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 5 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

The growth rate of BBY's earnings is estimated by analysts to be 6.62 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of BBY is 2.31.

BBY has a 52-week high of 61.95 and a 52-week low of 32.02. The current market price is above the trailing year's low by 78.17 percent, and 7.91 percent below the high. BBY has a price/earnings ratio of 15.31. Investors typically compare the P/E ratio to a company's peers in the industry. The BBY value stock report compares BBY to some of its peers using value stock charts. The stock has a market capitalization of $16.95 billion. BBY will post this quarters earnings in days, on 0000-00-00.