Raymond James Reaffirms Their Buy Rating on Best Buy Co (BBY)

Raymond James analyst Bobby Griffin maintained a Buy rating on Best Buy Co (BBYResearch Report) today. The company’s shares closed last Thursday at $118.14.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 36.3% and a 80.0% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Bed Bath & Beyond.

Best Buy Co has an analyst consensus of Hold, with a price target consensus of $123.00.

See today’s analyst top recommended stocks >>

Best Buy Co’s market cap is currently $29.29B and has a P/E ratio of 17.10. The company has a Price to Book ratio of 8.87.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BBY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1966, Minnesota-based Best Buy Co., Inc. is a consumer electronics company, which provides consumer technology products and services in the US, Canada and Mexico. It operates in two business segments: Domestic and International.