19.89 % to Target, Loop Capital Markets Maintains ‘Buy’ Rating on Best Buy Co (NYSE:BBY) Shares Today

May 24, 2018 - By Adrian Erickson

Best Buy Co., Inc. (NYSE:BBY) Logo

Investors sentiment increased to 0.86 in Q4 2017. Its up 0.10, from 0.76 in 2017Q3. It improved, as 34 investors sold Best Buy Co., Inc. shares while 198 reduced holdings. 75 funds opened positions while 124 raised stakes. 233.61 million shares or 5.15% less from 246.28 million shares in 2017Q3 were reported.

Hennessy Advisors has invested 0.1% in Best Buy Co., Inc. (NYSE:BBY). M&T National Bank & Trust reported 27,233 shares. Nbt Retail Bank N A holds 0.2% or 18,173 shares. Ckw Financial Group Inc Inc holds 60 shares or 0% of its portfolio. 50 were reported by Covenant Multifamily Offices Ltd Liability. Norinchukin Commercial Bank The has invested 0.04% in Best Buy Co., Inc. (NYSE:BBY). Toth Financial Advisory holds 0% or 36 shares in its portfolio. Cwm Ltd Limited Liability Company reported 0% in Best Buy Co., Inc. (NYSE:BBY). Bnp Paribas Arbitrage holds 239,558 shares or 0.03% of its portfolio. Amundi Pioneer Asset Mgmt reported 1.27 million shares. State Common Retirement Fund invested in 0.05% or 648,750 shares. 348,429 were accumulated by National Bank Of Montreal Can. Atlantic Trust Grp Ltd has 0% invested in Best Buy Co., Inc. (NYSE:BBY) for 863 shares. Asset Mngmt One Ltd holds 0.07% or 449,412 shares in its portfolio. Bp Public Ltd Liability invested in 29,000 shares.

Since December 12, 2017, it had 0 insider purchases, and 30 selling transactions for $53.96 million activity. $76,438 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Watson Mathew. SCHULZE RICHARD M sold $12.83M worth of stock or 200,000 shares. Barry Corie S also sold $438,059 worth of Best Buy Co., Inc. (NYSE:BBY) shares. Another trade for 13,003 shares valued at $902,850 was made by Nelsen Keith J on Thursday, March 15. Joly Hubert also sold $16.74M worth of Best Buy Co., Inc. (NYSE:BBY) on Thursday, March 15. $108,070 worth of stock was sold by Saksena Asheesh on Wednesday, March 14.

Best Buy Co (NYSE:BBY) Rating Reaffirmed

In a research note revealed to investors and clients on Thursday morning, The Buy rating of Best Buy Co (NYSE:BBY) shares was kept by Analysts at Loop Capital Markets, who now has a $85.0000 target price on the stock. Loop Capital Markets’s target price would indicate a possible upside of 19.89 % from the previous close of the company.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 14 analysts covering Best Buy Co (NYSE:BBY), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Best Buy Co has $87 highest and $38.0 lowest target. $74.42’s average target is 4.96% above currents $70.9 stock price. Best Buy Co had 15 analyst reports since December 4, 2017 according to SRatingsIntel. As per Tuesday, January 30, the company rating was maintained by Barclays Capital. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Equal-Weight” rating given on Friday, March 2 by Morgan Stanley. The rating was maintained by Citigroup with “Neutral” on Friday, February 16. Telsey Advisory maintained the shares of BBY in report on Friday, March 2 with “Hold” rating. Loop Capital Markets maintained the stock with “Buy” rating in Thursday, March 1 report. Credit Suisse maintained the stock with “Hold” rating in Monday, March 5 report. The firm earned “Hold” rating on Monday, February 12 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, March 2 by UBS. As per Friday, March 2, the company rating was maintained by Bank of America. The firm has “Sell” rating given on Monday, February 26 by Wedbush.

The stock decreased 6.65% or $5.05 during the last trading session, reaching $70.9. About 16.43 million shares traded or 372.48% up from the average. Best Buy Co., Inc. (NYSE:BBY) has risen 46.62% since May 25, 2017 and is uptrending. It has outperformed by 35.07% the S&P500.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $19.99 billion. The firm operates through two reportable divisions, Domestic and International. It has a 21.73 P/E ratio. The Company’s stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Nasdaq.com which released: “Best Buy Co Inc Stock Drops Despite Q1 Earnings Beat” on May 24, 2018, also Streetinsider.com with their article: “Best Buy (BBY) PT Raised to $85 at Loop Capital” published on May 24, 2018, Nasdaq.com published: “What Happened in the Stock Market Today” on May 24, 2018. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: 247Wallst.com and their article: “What to Expect From Best Buy in Q1” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Why Best Buy Co Inc Stock Sank Today” with publication date: May 24, 2018.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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