GameStop (NYSE:GME) received a $19.00 price target from investment analysts at Wedbush in a research note issued on Sunday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price target would indicate a potential upside of 50.55% from the company’s previous close. Wedbush also issued estimates for GameStop’s Q2 2019 earnings at $0.13 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $2.20 EPS and FY2020 earnings at $3.15 EPS.
Several other equities research analysts have also recently issued reports on GME. Loop Capital set a $26.00 target price on GameStop and gave the stock a “buy” rating in a research note on Friday, January 12th. ValuEngine cut GameStop from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut GameStop from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Bank of America cut GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 target price for the company. in a research note on Thursday. Finally, Telsey Advisory Group cut their target price on GameStop from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.42.
NYSE:GME opened at $12.62 on Friday. GameStop has a one year low of $12.20 and a one year high of $25.31. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1,278.46, a P/E ratio of 3.78, a P/E/G ratio of 0.25 and a beta of 1.26.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GME. State of Alaska Department of Revenue purchased a new position in shares of GameStop during the fourth quarter worth $104,000. Macquarie Group Ltd. purchased a new position in shares of GameStop during the third quarter worth $112,000. SeaCrest Wealth Management LLC purchased a new position in shares of GameStop during the fourth quarter worth $140,000. Kovack Advisors Inc. purchased a new position in shares of GameStop during the fourth quarter worth $181,000. Finally, Unison Advisors LLC purchased a new position in shares of GameStop during the fourth quarter worth $198,000.
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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