Best Buy Co Inc (NYSE:BBY) soared 1.20% during previous trade, a total of 4.72M shares exchanged hands compared with its average trading volume of 4.96M shares whereas its relative volume is 0.85. The stock has a market capitalization of $13.95B along with 313.83M outstanding shares. Stock’s intraday price range hit the peak level of $44.29 and touched the lowest level of $43.19.
Most recently Best Buy Co Inc (NYSE:BBY)’s price target was revised on 01/03/17 and according to 18 analysts stock’s price will reach at $46.20 during 52 weeks with standard deviation of 6.90. Stock’s minimum price target estimates has been figured out at $24.50 while the maximum price target forecast is established at $58, if we look at the price target with an optimistic approach it has upside potential of 32% from its latest closing price of $43.86.
Historically, if we look at price target revisions, three weeks ago Best Buy Co Inc (NYSE:BBY)’s price target was revised on 12/12/16 by the analysts, however the bullish price estimates of the stock set at $53 while the bearish estimates kept at $24.50 over the next one year. Stock’s 52-week target was retained at $44.04, the estimates indicates a standard deviation of 6.90.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.57. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 4 rate Best Buy Co Inc (NYSE:BBY) stock a Strong Buy, 0 rate the stocks of the company a Buy, 9 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 11/17/16 the stock of Best Buy Co Inc (NYSE:BBY) upgraded by BofA/Merrill from Underperform to Neutral. However previously on 8/15/16 it was downgraded by Jefferies from Buy to Hold. A research note issued on 6/15/16 the stock was downgraded by Credit Suisse from Outperform to Neutral.
Best Buy Co Inc (NYSE:BBY) performance over the past one year soared 55.86% whereas its year to date (YTD) performance indicated a bullish trend of 2.79%. During the last six months the stock climbed 40.98%. Quarterly performance of the company shows optimistic momentum of 13.40% while its last one month trend is negative with -11.05%. Stock’s weekly performance expressed up trend of 2.57%.
The company’s price sits 0.47% above from its 50-day moving average of $45.85 and 21.87% far from the stock’s 200-day moving average which is $38.71. Best Buy Co Inc (NYSE:BBY)’s shares are currently trading -11.21% away from the 52-week high price of $49.40 and +81.23% far from the 52-week low price of $24.20.
According to consensus agreement of 22 analysts Best Buy Co Inc (NYSE:BBY) will report earnings per share of $1.67 in their quarterly report and it is expected to announce the company’s results on 2/23/17. For the current quarter the company has high EPS estimates of $1.73 in contradiction of low EPS estimates of $1.62. However a year ago for the same quarter the company has reported $1.53 EPS. Current year EPS projections for Best Buy Co Inc (NYSE:BBY) set at $3.28 according to the sentiments of 24 analysts, while its lowest earnings estimates are $3.23 and highest earnings estimates are $3.35.
According to 18 analysts, Best Buy Co Inc (NYSE:BBY)’s revenue estimates for the current quarter are $13.61B meanwhile the company has high revenue estimates of $13.82B in contradiction of low revenue estimates of $13.47B. For the current year the company’s revenue estimates are $39.54B compared to low analyst estimates of $39.39B and high estimates of $39.66B according to the projection of 22 analysts.