GameStop Corp. (NYSE:GME) a Hold: Credit Suisse

In a research note issued to investors, Seth Sigman at Credit Suisse Reiterated their Hold rating on GameStop Corp. (NASDAQ:GME). The analyst placed a $42.00 price target on the stock which indicates a 4.63% upside to the last closing price. In the year following Seth’s ratings, the stocks covered yield an average return of 11.4% according to TipRanks.com. In the past year 20 out of 30 recommendations or 67% were successful.

On a consensus basis, Wall Street sell-side analysts have a mean target price of $46.603 for Gamestop Corporation (NYSE:GME). This number is based on the mean estimate from the 12 research firms that recently issued reports on the company.

According to analysts, Gamestop Corporation (NYSE:GME) is expected to report earnings per share for the current fiscal quarter of $0.58. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-01-31 of $2.15.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.64 based on 12 sell-side broker recommendations. Of the 12 analyst estimates, the most bullish sees the stock reaching $55 within the next 12 months while the most bearish analyst sees the stock at $31.24 within the year.

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $3.91. The high end estimate for this time frame is $4.17 with the low being $3.47. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 13.68%, based on 4 analysts providing projections.

GameStop Corp. (GameStop) is a holding company. GameStop is a multichannel video game retailer. It sells new and used video game hardware, physical and digital video game software, accessories, as well as personal computer (PC) entertainment software and other merchandise. As of January 28, 2012, its retail network of brands includes 6,683 Company-operated stores in the United States, Australia, Canada and Europe, primarily under the names GameStop, EB Games and Micromania. It operates in four segments: United States, Canada, Australia and Europe. It also operates electronic commerce Websites under the names www.gamestop.com, www.ebgames.com.au, www.gamestop.ca, www.gamestop.it, www.gamestop.es, www.gamestop.ie, www.gamestop.de, www.gamestop.co.uk and www.micromania.fr. The network also includes www.kongregate.com, Game Informer magazine, Spawn Labs, Inc. and a digital PC distribution platform. On March 31, 2011, GameStop acquired Spawn Labs, Inc. In May 2011, it purchased Impulse Inc.