Finance

Assetmark Inc. Acquires 805 Shares of Best Buy Co Inc (BBY)

Assetmark Inc. Acquires 805 Shares of Best Buy Co Inc (BBY)

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Jefferies Group LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Best Buy Co in a report on Thursday, March 2nd.

A number of other institutional investors have also modified their holdings of BBY. Invesco Ltd holds 0.05% in Best Buy Co Inc (NYSE:BBY) or 3.18M shares. Dalton Greiner Hartman Maher And Co reported 5,830 shares. Itau Unibanco Holding S.A. acquired a new stake in Best Buy Co during the third quarter valued at $109,000. 269.66 million shares or 2.03% more from 264.31 million shares in 2016Q3 were reported. New York-based Bluemountain Cap Mgmt Ltd Liability Company has invested 0.01% in Best Buy Co Inc (NYSE:BBY). Shares of the retailer jumped 11.3 percent in premarket trading. (BBY) may be undervalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Best Buy Co., Inc. The company had a trading volume of 3,104,404 shares. Best Buy Co has a 12-month low of $28.76 and a 12-month high of $52.67. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 13.55 and a beta of 1.59. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.19% where SMA50 and SMA200 are 2.55% and 15.82% respectively.

These analysts also forecasted Growth Estimates for the Current Quarter for BBY to be -9.1%. Best Buy Co had a return on equity of 24.18% and a net margin of 2.78%.

Revenue climbed 1 per cent to $8.53-billion, beating the average analysts' estimate for $8.28-billion. The firm's quarterly revenue was up 1.0% on a year-over-year basis.

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In case of Revenue Estimates, 8280000 analysts have provided their consensus Average Revenue Estimates for Best Buy Co., Inc.as 22000.

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Several research firms have recently weighed in on BBY. Looking at this figure it suggests that the shares of Best Buy Co., Inc. UBS maintained Best Buy Co Inc (NYSE:BBY) rating on Friday, November 20. The stock has "Underperform" rating by Wedbush on Friday, November 18.

Among 22 analysts covering Best Buy Co (NYSE:BBY), 9 have Buy rating, 3 Sell and 10 Hold. Bank of America Corp raised shares of Best Buy Co from a "neutral" rating to a "buy" rating and increased their price target for the company from $46.00 to $58.00 in a research note on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Price Target plays a critical role when it comes to the analysis of a Stock. Advisory Services Network LLC purchased a new position in shares of Best Buy Co during the first quarter valued at approximately $134,000. The stock's current RSI reading is at 51.23. Following the completion of the sale, the vice president now directly owns 16,320 shares of the company's stock, valued at approximately $727,708.80.