Wedbush analyst Michael Pachter maintained a Sell rating on Best Buy Co (NYSE: BBY) today and set a price target of $48. The company’s shares closed on Friday at $78.25, close to its 52-week high of $79.90.
According to TipRanks.com, Pachter has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.4% and a 49.7% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Pandora Media.
Best Buy Co has an analyst consensus of Hold, with a price target consensus of $75.90.
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Based on Best Buy Co’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $15.36 billion and net profit of $364 million. In comparison, last year the company earned revenue of $8.53 billion and had a net profit of $188 million.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Shari Ballard, the Pres, Multi-Channel, Retail of BBY sold 89,524 shares for a total of $6,213,605.
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Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International.
