GameStop (NYSE:GME) Given a $9.00 Price Target at Wedbush

Share on StockTwits

Wedbush set a $9.00 price objective on GameStop (NYSE:GME) in a research report sent to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Benchmark reaffirmed a sell rating and set a $5.00 price target (down from $9.00) on shares of GameStop in a research note on Wednesday, June 5th. ValuEngine raised shares of GameStop from a sell rating to a hold rating in a research note on Sunday, June 9th. Ascendiant Capital Markets cut shares of GameStop from a buy rating to a hold rating and set a $4.00 price target for the company. in a research note on Wednesday, June 5th. Bank of America set a $4.00 price target on shares of GameStop and gave the stock a sell rating in a research note on Wednesday, June 5th. Finally, Telsey Advisory Group decreased their price target on shares of GameStop from $11.00 to $10.00 and set a market perform rating for the company in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $9.20.

NYSE GME opened at $4.91 on Thursday. The business’s 50 day simple moving average is $5.94. GameStop has a 52-week low of $4.71 and a 52-week high of $17.27. The company has a current ratio of 1.48, a quick ratio of 0.59 and a debt-to-equity ratio of 0.79. The company has a market cap of $502.14 million, a PE ratio of 2.19 and a beta of 0.37.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, June 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. GameStop had a positive return on equity of 14.55% and a negative net margin of 8.32%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned $0.38 EPS. GameStop’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts anticipate that GameStop will post 1.45 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of GameStop in the 1st quarter valued at approximately $51,000. Investors Research Corp acquired a new stake in shares of GameStop in the 1st quarter valued at approximately $55,000. Handelsbanken Fonder AB acquired a new stake in shares of GameStop in the 2nd quarter valued at approximately $65,000. Everence Capital Management Inc. acquired a new stake in shares of GameStop in the 1st quarter valued at approximately $111,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of GameStop in the 1st quarter valued at approximately $111,000. 98.68% of the stock is owned by institutional investors.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

Featured Article: Why is the Consumer Price Index (CPI) important?

Analyst Recommendations for GameStop (NYSE:GME)

Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.