Best Buy Co. Inc [BBY] stock prices are up 0.02% to $92.84 at the moment. 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 3.19% over the last week, with a monthly amount drifted -5.09%, 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 August 30, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $115 from $95. Previously, UBS upgraded its rating to Buy on June 17, 2024, and elevated its price target to $106. On June 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $100 on the stock. Telsey Advisory Group downgraded its rating to a Market Perform but stick to its price target of $95 on May 23, 2024. Jefferies reiterated its recommendation of a Buy and reduced its price target to $94 on April 08, 2024. JP Morgan upgraded its rating to Overweight for this stock on March 22, 2024, and upped its price target to $101. In a note dated March 20, 2024, Telsey Advisory Group upgraded an Outperform rating on this stock and boosted its target price from $85 to $95.
The stock price of Best Buy Co. Inc [BBY] has been fluctuating between $62.30 and $103.71 over the past year. Currently, Wall Street analysts expect the stock to reach $96.19 within the next 12 months. Best Buy Co. Inc [NYSE: BBY] shares were valued at $92.84 at the most recent close of the market. An investor can expect a potential return of 3.61% based on the average BBY price forecast.
Analyzing the BBY fundamentals
The Best Buy Co. Inc [NYSE:BBY] reported sales of 42.54B for trailing twelve months, representing a drop of -3.08%. 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 91.67 points at the first support level, and at 90.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.43, and for the 2nd resistance point, it is at 94.01.
Ratios To Look Out For
It’s worth pointing out that Best Buy Co. Inc [NYSE:BBY]’s Current Ratio is 1.01. Further, the Quick Ratio stands at 0.34, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 6.42 and price to earnings (TTM) ratio is 16.01.
Transactions by insiders
Recent insider trading involved Barry Corie S, CEO, that happened on Sep 11 ’24 when 79829.0 shares were sold. Officer, Barry Corie S completed a deal on Sep 11 ’24 to buy 79829.0 shares. Meanwhile, SEVP, HR, Corp Affair & Canada Scarlett Kathleen sold 40169.0 shares on Aug 30 ’24.
