Best Buy Co., Inc (NYSE:BBY)’s stock has “Buy” rating

Boston, MA, 07/16/2013 (nysepost) – Best Buy Co., Inc (NYSE:BBY), which is a retail holding is very cheap at about just 0.20 times of sales. This company also has the catalyst in order to produce the additional gains containing its new store-in-a-store concept and with its online sales tax that can be able to boost the company’s sales. Best Buy Co., Inc is standing as one of the examples of transition stocks along with Netflix Inc, Green Mountain Coffee Roasters. This occurs when a company is more expensive as a growth stock but would fall as it becomes more and more stable.

At two different ends of this growth to value cycle are Best Buy Co., Inc and Apple Inc. This cycle was completed by Best Buy when the growth of the company got slowed down with its stock got decreased from above $ 50 to below $ 15. It was too expensive at $ 50 and it was too cheap at $ 15. The company’s appreciated can now be capitalized by investors. Best Buy is in the center of an upward trend after the transition from growth to value. Currently, Best Buy Co is trading at the price of $ 29.82 and is 0.3% up.

At BB & T Corporation, the analysts have set a target price of $ 31.00 on the shares of stock of Best Buy in a report that was issued on Monday. The company now has a “buy” rating on the stock of Best Buy. This target price set by BB&T is pointing towards the potential increase of 4.27% from the current price of the company.

At Jefferies Group, analysts have raised their price target on the shares of Best Buy’s stock from the value of $ 24.00 to $ 30.00 in a research note that was issued to investors. In addition to this, analysts at SunTrust Banks Inc also raised their price target on the shares of Best Buy from $ 35.00 to $ 38.00 in a research note issued to investors. A “buy” rating was set to the stock at present. Finally, the analysts of Goldman Sachs Group Inc also set a “buy” rating and the target price of $ 34.00 over the stock.

About the Author

Kris Clevanger financial reporter NYSE post. Authors have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. This article is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. *NYSE Post does not set price targets on securities. Never invest into a stock discussed on this website unless you can afford to lose your entire investment.