Best Buy Co. Inc. [BBY] stock prices are down -2.13% to $90.40 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BBY shares have gain 3.04% over the last week, with a monthly amount glided 24.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Best Buy Co. Inc. [NYSE: BBY] stock has seen the most recent analyst activity on June 17, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $106 from $85. Previously, Citigroup upgraded its rating to Buy on June 03, 2024, and elevated its price target to $100. On May 23, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $95 on the stock. Jefferies reiterated its Buy rating and decreased its price target to $94 on April 08, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $101 on March 22, 2024. Telsey Advisory Group upgraded its rating to Outperform for this stock on March 20, 2024, and upped its price target to $95. In a note dated March 01, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $75 to $85.
The stock price of Best Buy Co. Inc. [BBY] has been fluctuating between $62.30 and $93.72 over the past year. Currently, Wall Street analysts expect the stock to reach $95.79 within the next 12 months. Best Buy Co. Inc. [NYSE: BBY] shares were valued at $90.40 at the most recent close of the market. An investor can expect a potential return of 5.96% based on the average BBY price forecast.
Analyzing the BBY fundamentals
The Best Buy Co. Inc. [NYSE:BBY] reported sales of 42.83B for trailing twelve months, representing a drop of -6.55%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.42 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.55 points at the first support level, and at 88.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.88, and for the 2nd resistance point, it is at 93.36.
Ratios To Look Out For
It’s worth pointing out that Best Buy Co. Inc. [NYSE:BBY]’s Current Ratio is 1.01. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 6.34 and price to earnings (TTM) ratio is 15.83.
Transactions by insiders
Recent insider trading involved Watson Mathew, SVP, Controller & CAO, that happened on Jun 06 ’24 when 2319.0 shares were sold. Chairman Emeritus, SCHULZE RICHARD M completed a deal on Jun 03 ’24 to sell 1.0 million shares. Meanwhile, SVP, Controller & CAO Watson Mathew sold 2000.0 shares on Jun 03 ’24.
