Best Buy (NYSE: BBY) posted its quarterly earnings results on Friday. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.11. The company had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.32 billion. Best Buy’s revenue was up .2% compared to the same quarter last year.
BBY has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Best Buy from $14.00 to $16.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. On a related note, analysts at TheStreet reiterated a “sell” rating on shares of Best Buy in a research note to investors on Wednesday. Finally, analysts at UBS AG raised their price target on shares of Best Buy from $12.50 to $18.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, eighteen have issued a hold rating, one has assigned an underweight rating, and one has issued a sell rating to the company. The stock currently has a consensus rating of “hold” and a consensus price target of $14.83.
Shares of Best Buy (BBY) opened at 16.41 on Friday. Best Buy (BBY) has a one year low of $11.20 and a one year high of $27.95. The stock’s 50-day moving average is currently $15.72. The company’s market cap is $5.548 billion.
Best Buy Co, Inc. is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services.
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