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 most optimistic price target was 72, which equates to a potential upside of 26.21 percent. The minimum price target given was 29, implying a possible loss of -49.17 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 5.89 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.13 percent. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

BBY has an estimated earnings growth rate of 6.62 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BBY is 2.31.

BBY has traded between a high of 61.95 and a low of 32.02 over the past year. Currently the stock is 78.17 percent higher than its low, and below the high by 7.91 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.