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.
Many analysts weighed in on price targets for BBY. The highest price target was 72, implying potential capital gains 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. That number becomes 5.89 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.13 percent. If we look at the last 90 days instead, we find a net average change of 5 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
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. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. BBY has a PEG ratio of 2.31.
BBY has a 52-week high of 61.95 and a 52-week low of 32.02. Currently the stock is 78.17 percent higher than its low, and 7.91 percent lower than its 52-week high. BBY has a P/E 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's next earnings release will be on 0000-00-00, which is days away.