Best Buy Co (BBY – Research Report) received a Buy rating and a $95.00 price target from Telsey Advisory analyst Joe Feldman today. The company’s shares closed last Friday at $75.05.
According to TipRanks, Feldman is a 5-star analyst with an average return of 9.4% and a 58.19% success rate. Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Best Buy Co, and Home Depot.
Currently, the analyst consensus on Best Buy Co is a Moderate Buy with an average price target of $86.62.
BBY market cap is currently $16.16B and has a P/E ratio of 13.21.
Based on the recent corporate insider activity of 69 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. Last month, Todd G. Hartman, the GC, Chief Risk Officer of BBY sold 6,000.00 shares for a total of $469,380.00.
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.
Best Buy Co (BBY) Company Description:
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.
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