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 highest price target was 72, implying potential capital gains of 26.21 percent. The most pessimistic analyst gave a price target of 29, implying a possible loss of -49.17 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of BBY's earnings is estimated by analysts to be 6.62 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, 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.

In the trailing 52-weeks, BBY hit 61.95 at the highest peak, while it's lowest trading point was 32.02. Currently the stock is 78.17 percent higher than its low, and below the high by 7.91 percent. 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.