Discount Co. (NYSE:BBY)'s stock had its "buy" rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday, American Banking & Market News reports.
BBY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a "neutral" rating on shares of Best Buy Co. in a research note to investors on Wednesday, December 4th. They now have a $44.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated a "buy" rating on shares of Best Buy Co. in a research note to investors on Wednesday, November 27th. Finally, analysts at UBS AG cut their price target on shares of Best Buy Co. from $49.00 to $48.00 in a research note to investors on Wednesday, November 20th. They now have a "buy" rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus price target of $48.00.
Shares of Best Buy Co. ( NYSE:BBY) traded up 0.75% on Wednesday, hitting $37.81. The stock had a trading volume of 4,836,784 shares. Best Buy Co. has a one year low of $13.01 and a one year high of $44.66. The stock's 50-day moving average is $40.38 and its 200-day moving average is $36.84. The company's market cap is $13.083 billion.
Best Buy Co. (NYSE:BBY) last released its earnings data on Tuesday, November 19th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.07. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company's revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that Best Buy Co. will post $2.43 EPS for the current fiscal year.
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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