How Many Best Buy Co., Inc. (NYSE:BBY)’s Analysts Are Bearish?

Best Buy Co., Inc. (NYSE:BBY) Logo
Investors sentiment decreased to 0.77 in Q4 2018. Its down 0.19, from 0.96 in 2018Q3. It dived, as 77 investors sold Best Buy Co., Inc. shares while 180 reduced holdings. 63 funds opened positions while 136 raised stakes. 212.59 million shares or 0.21% less from 213.03 million shares in 2018Q3 were reported.
Trust Of Vermont reported 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Bluecrest Mgmt Limited accumulated 14,649 shares. Citigroup Inc owns 253,887 shares for 0.01% of their portfolio. Van Eck Assoc Corporation holds 0.01% or 26,374 shares in its portfolio. Camarda Financial Advisors Ltd Llc reported 47 shares stake. 4.06 million are held by Northern Tru Corporation. Jane Street Gp Lc accumulated 22,088 shares or 0% of the stock. Robeco Institutional Asset Bv holds 0.27% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 1.12M shares. Moreover, Morgan Stanley has 0.03% invested in Best Buy Co., Inc. (NYSE:BBY) for 2.16 million shares. Glenmede Tru Communications Na owns 0.48% invested in Best Buy Co., Inc. (NYSE:BBY) for 1.85 million shares. State Of Tennessee Treasury Department reported 80,638 shares. Element Ltd Liability Corporation invested 0.17% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). 726,223 were reported by Prudential Fincl. Oregon Pub Employees Retirement Fund owns 3.28 million shares. Jnba Fincl Advisors owns 11,785 shares.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 12 analysts covering Best Buy Co (NYSE:BBY), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Best Buy Co had 27 analyst reports since November 21, 2018 according to SRatingsIntel. The firm has “Strong Buy” rating by Raymond James given on Wednesday, November 21. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Thursday, February 28 by RBC Capital Markets. As per Friday, March 1, the company rating was maintained by Citigroup. Loop Capital Markets maintained it with “Buy” rating and $88 target in Thursday, March 7 report. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, November 23. The firm earned “Overweight” rating on Wednesday, November 21 by PiperJaffray. The firm has “Buy” rating by Loop Capital Markets given on Tuesday, November 27. Morgan Stanley maintained the shares of BBY in report on Thursday, February 28 with “Equal-Weight” rating. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Neutral” rating given on Wednesday, November 21 by Credit Suisse. As per Wednesday, February 27, the company rating was maintained by Loop Capital Markets. Below is a list of Best Buy Co., Inc. (NYSE:BBY) latest ratings and price target changes.

15/05/2019 Broker: BidaskScore Rating: Sell Downgrade
24/04/2019 Broker: Inc. Common Stock Rating: Jefferies New Target: $72.0000 88.0000
22/03/2019 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade
20/03/2019 Broker: Evercore Rating: In-Line New Target: $75 Initiates Coverage On
14/03/2019 Broker: KeyBanc Capital Markets Rating: Hold Maintain
07/03/2019 Broker: Loop Capital Markets Rating: Buy New Target: $88 Maintain
06/03/2019 Broker: Wolfe Research Rating: Buy Upgrade
01/03/2019 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $72 New Target: $77 Maintain
28/02/2019 Broker: KeyBanc Capital Markets Rating: Hold Maintain
28/02/2019 Broker: RBC Capital Markets Rating: Hold New Target: $71 Maintain

The stock increased 0.28% or $0.19 during the last trading session, reaching $68.93. About 2.42M shares traded. Best Buy Co., Inc. (NYSE:BBY) has declined 10.94% since May 17, 2018 and is downtrending. It has underperformed by 15.31% the S&P500.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $18.47 billion. The firm operates through two reportable divisions, Domestic and International. It has a 13.26 P/E ratio. The Company’s stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Fool.com which released: “Best Buy Stock Upgraded: What You Need to Know – Motley Fool” on April 24, 2019, also Investorplace.com with their article: “Now Would Be a Good Time to Sell Shopify Stock – Investorplace.com” published on May 14, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For April 24, 2019 – Benzinga” on April 24, 2019. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Benzinga.com and their article: “Best Buy Co., Inc. (NYSE:BBY), Johnson & Johnson (NYSE:JNJ) – 3 Options Trading Ideas For The Upcoming Earnings Season – Benzinga” published on April 22, 2019 as well as Investorplace.com‘s news article titled: “10 Stocks to Sell Before They Tank Your Portfolio – Investorplace.com” with publication date: May 15, 2019.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.