Best Buy Co. (BBY) : Zacks Investment Research ranks Best Buy Co. (BBY) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.5, which indicates as a Buy.
Best Buy Co. (BBY) : 12 investment research analysts covering Best Buy Co. (BBY) have an average price target of $33.04 for the near short term. The highest target price given by the Brokerage Firm to the stock is $45 and the lowest target is $21 for the short term. Analysts expect the variance to be within $6.8 of the average price.
Company shares have received an average consensus rating of Hold for the current week Best Buy Co. (NYSE:BBY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.20 and $34.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.62, notching a gain of 2.64% for the day. The total traded volume was 4,739,755 . The stock had closed at $33.73 on the previous day.
In a related news, The director officer (Chairman & CEO), of Best Buy Co Inc, Joly Hubert had unloaded 398,000 shares at $32.24 per share in a transaction on June 2, 2016. The total value of transaction was $12,831,520. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (bestbuy.com), Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.