InvestorsObserver is giving Best Buy Co Inc (BBY) an Analyst Rating Rank of 27, meaning BBY is ranked higher by analysts than 27% of stocks. The average price target for BBY is $128.153 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating BBY a Buy today. Find out what this means to you and get the rest of the rankings on BBY!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Best Buy Co Inc Stock Today?
Best Buy Co Inc (BBY) stock is down -3.28% while the S&P 500 has risen 0.08% as of 11:27 AM on Friday, Aug 13. BBY is lower by -$3.87 from the previous closing price of $118.11 on volume of 786,292 shares. Over the past year the S&P 500 has gained 32.34% while BBY has risen 5.88%. BBY earned $8.53 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.39.
Click Here to get the full Stock Report for Best Buy Co Inc stock.