Citi analyst Steven Zaccone reiterated a Sell rating on Best Buy Co (BBY – Research Report) today. The company’s shares closed last Friday at $73.75.
According to TipRanks, Zaccone is a 2-star analyst with an average return of -0.3% and a 53.85% success rate. Zaccone covers the Consumer Cyclical sector, focusing on stocks such as Best Buy Co, AutoZone, and Boot Barn.
Best Buy Co has an analyst consensus of Hold, with a price target consensus of $74.92.
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BBY market cap is currently $15.89B and has a P/E ratio of 12.72.
Based on the recent corporate insider activity of 60 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.
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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