Price Objective Update on Best Buy Co., Inc. (NYSE:BBY)

Covering Wall Street analysts presently have a target price of $43.625 on the stock. This target price includes 12 analysts polled by Zacks Research. The highest target price estimate provided by analysts polled by Zacks Research is $53. The low end target price prediction from these same analysts stands at $24.5.  

Zacks research also gives calculated recommendations from sell-side analysts that cover company shares. These recommendations land on a simplified scale provided by Zacks Research. Using data provided from various analysts, shares of Best Buy Co., Inc. (NYSE:BBY) are presently listed with an ABR of 2.57. This number is using a recommendation scale where the ratings range from a 1 to a 5. Following this scale, a 1 would signify a Strong Buy while a 5 would represent a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is broadly thought to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $1.65. For the period ending 2016-10-31, Best Buy Co., Inc. (NYSE:BBY) reported actual EPS of $0.62. This number was $0.15 away from analyst predictions, providing a surprise factor of 31.91%. The company is expected to next release earnings on or around 2017-02-23.

The data in this report is in part provided by Zacks Research and Yahoo Finance.  The author does not have, nor plans to take any position in Best Buy Co., Inc. shares within the next 14 days.  Readers should not consider this as a recommendation to buy or sell company stock.  This piece is for informational purposes only.  Potentialy investors should always conduct full research before making investment decisions. 

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