In a report released today, Scot Ciccarelli from RBC Capital reiterated a Hold rating on Best Buy Co (NYSE: BBY), with a price target of $46. The company’s shares opened today at $51.33, close to its 52-week high of $52.67.
According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 9.2% and a 65.2% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.
Best Buy Co has an analyst consensus of Hold, with a price target consensus of $46.17.
Best Buy Co’s market cap is currently $15.75B and has a P/E ratio of 13.22. The company has a book value ratio of 3.3450.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.
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Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International. The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, Audiovisions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.