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.

BBY was given price targets by several analysts. The maximum price target given was 72, implying potential capital gains of 26.21 percent. The lowest price target was 29, which equates to a potential downside of -49.17 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 5.89 percent. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of BBY to grow at a rate of 6.62 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 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 market cap of BBY is $16.95 billion. BBY's next earnings release will be on 0000-00-00, which is days away.