A share price of Best Buy Co. Inc. [BBY] is currently trading at $88.60, up 0.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BBY shares have gain 2.70% over the last week, with a monthly amount drifted -5.37%, and not 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.
Best Buy Co. Inc. experienced fluctuations in its stock price throughout the past year between $62.30 and $93.72. 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 $88.60 at the most recent close of the market. An investor can expect a potential return of 8.12% based on the average BBY price forecast.
Analyzing the BBY fundamentals
Trailing Twelve Months sales for Best Buy Co. Inc. [NYSE:BBY] were 42.83B which represents -6.55% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
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 87.87 points at the first support level, and at 87.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.17, and for the 2nd resistance point, it is at 89.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Best Buy Co. Inc. [NYSE:BBY] is 1.01. Further, the Quick Ratio stands at 0.33, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 6.21 and price to earnings (TTM) ratio is 15.52.
Transactions by insiders
Recent insider trading involved Bonfig Jason J, SEVP Cust. Offerings & Fulfill, that happened on Jul 08 ’24 when 3500.0 shares were sold. SVP, Controller & CAO, Watson Mathew completed a deal on Jun 06 ’24 to sell 2319.0 shares. Meanwhile, Chairman Emeritus SCHULZE RICHARD M sold 1.0 million shares on Jun 03 ’24.
