Best Buy (NYSE:BBY) Has Coverage Initiated With A Buy Rating

By Market Exclusive

Analyst Ratings For Best Buy (NYSE:BBY)

Today, Evercore ISI initiated coverage on Best Buy (NYSE:BBY) with a Buy.

There are 9 Buy Ratings, 8 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Best Buy (NYSE:BBY) is Buy with a consensus target price of $75.7857 per share, a potential 8.44% upside.

Some recent analyst ratings include

  • 3/20/2019-Best Buy (NYSE:BBY) has coverage initiated with a Buy rating
  • 3/6/2019-Best Buy (NYSE:BBY) gets upgraded to Buy by Wolfe Research
  • 2/28/2019-Best Buy (NYSE:BBY) gets upgraded to Buy by Credit Suisse Group with a price target of $78.00
  • 2/28/2019-Best Buy (NYSE:BBY) had its Market Perform ➝ Market Perform rating reiterated by Telsey Advisory Group with a $74.00 price target
  • On 3/15/2019 Corie S Barry, CFO, sold 27,788 with an average share price of $68.55 per share and the total transaction amounting to $1,904,867.40.
  • On 3/15/2019Hubert Joly, CEO, sold 139,133 with an average share price of $68.53 per share and the total transaction amounting to $9,534,784.49.
  • On 3/15/2019 Keith J Nelsen, General Counsel, sold 24,374 with an average share price of $68.55 per share and the total transaction amounting to $1,670,837.70.
  • On 3/15/2019Mathew Watson, SVP, sold 1,990 with an average share price of $68.58 per share and the total transaction amounting to $136,474.20.
  • On 3/15/2019 Rajendra M Mohan, Insider, sold 44,619 with an average share price of $68.53 per share and the total transaction amounting to $3,057,740.07.
  • On 3/13/2019Mathew Watson, SVP, sold 380 with an average share price of $68.79 per share and the total transaction amounting to $26,140.20.
  • On 3/11/2019 Richard M Schulze, Major Shareholder, sold 482,557 with an average share price of $68.88 per share and the total transaction amounting to $33,238,526.16.

About Best Buy (NYSE:BBY)
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products. The company’s stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods. In addition, it provides services comprising consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 small-format stores. The company was formerly known as Sound of Music, Inc.Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

Recent Trading Activity for Best Buy (NYSE:BBY)
Shares of Best Buy closed the previous trading session at 69,89 +0,15 0,22 % with 3500100 shares trading hands.

This article provided by NewsEdge.