Gamestop Corporation (GME) Given a $25.00 Price Target by Wedbush Analysts
Gamestop Corporation (NYSE:GME) received a $25.00 price target from equities researchers at Wedbush in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Wedbush’s target price indicates a potential upside of 53.28% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Loop Capital reissued a “buy” rating and set a $28.00 price objective on shares of Gamestop Corporation in a report on Wednesday, August 23rd. SunTrust Banks, Inc. reissued a “buy” rating and set a $25.00 price objective on shares of Gamestop Corporation in a report on Tuesday, October 17th. ValuEngine raised shares of Gamestop Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and set a $24.00 price objective on shares of Gamestop Corporation in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Gamestop Corporation from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Gamestop Corporation currently has a consensus rating of “Hold” and an average price target of $24.04.
Shares of Gamestop Corporation (NYSE GME) opened at $16.31 on Thursday. Gamestop Corporation has a one year low of $15.85 and a one year high of $26.84. The stock has a market cap of $1,640.00, a price-to-earnings ratio of 4.44, a P/E/G ratio of 0.33 and a beta of 1.24. The company has a current ratio of 1.34, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35.
Gamestop Corporation (NYSE:GME) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. analysts expect that Gamestop Corporation will post 3.3 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new stake in Gamestop Corporation in the 3rd quarter valued at about $112,000. BlueMountain Capital Management LLC bought a new stake in Gamestop Corporation in the 2nd quarter valued at about $162,000. LS Investment Advisors LLC lifted its position in Gamestop Corporation by 17.3% in the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after purchasing an additional 1,213 shares during the last quarter. JBF Capital Inc. lifted its position in Gamestop Corporation by 119.8% in the 2nd quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after purchasing an additional 4,971 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Gamestop Corporation by 22.4% in the 2nd quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock valued at $204,000 after purchasing an additional 1,725 shares during the last quarter.
Gamestop Corporation Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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