Nomura analyst Michael Baker maintained a Hold rating on Best Buy Co (BBY) today and set a price target of $58.00. The company’s shares closed last Monday at $59.75.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 1.1% and a 54.3% success rate. Baker covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Burlington Stores.
Currently, the analyst consensus on Best Buy Co is a Moderate Buy with an average price target of $74.56, implying a 20.7% upside from current levels. In a report issued on March 17, Morgan Stanley also maintained a Hold rating on the stock with a $75.00 price target.
See today’s analyst top recommended stocks >>
Best Buy Co’s market cap is currently $15.35B and has a P/E ratio of 10.80. The company has a Price to Book ratio of 7.53.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BBY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Best Buy Co., Inc. provides consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.
