GameStop (NYSE:GME) has been given a $15.00 price target by research analysts at Credit Suisse Group in a report issued on Friday. The brokerage presently has a “hold” rating on the stock. Credit Suisse Group’s target price would suggest a potential downside of 7.01% from the company’s current price.

GME has been the subject of a number of other research reports. Robert W. Baird decreased their price objective on shares of GameStop from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, June 1st. Jefferies Financial Group assumed coverage on shares of GameStop in a report on Monday, July 9th. They set a “buy” rating and a $18.00 price objective for the company. Zacks Investment Research upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Wedbush set a $19.00 price objective on shares of GameStop and gave the company a “buy” rating in a report on Friday. Finally, Telsey Advisory Group decreased their price objective on shares of GameStop from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Friday, June 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.23.

Shares of GME opened at $16.13 on Friday. GameStop has a 1-year low of $12.20 and a 1-year high of $20.97. The stock has a market cap of $1.64 billion, a P/E ratio of 4.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.52 and a quick ratio of 0.45.

GameStop (NYSE:GME) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.58%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. research analysts forecast that GameStop will post 3.08 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY increased its position in GameStop by 12.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 32,677 shares of the company’s stock valued at $476,000 after purchasing an additional 3,496 shares during the period. Raymond James & Associates increased its position in GameStop by 22.0% during the 2nd quarter. Raymond James & Associates now owns 21,982 shares of the company’s stock valued at $320,000 after purchasing an additional 3,959 shares during the period. Atria Investments LLC increased its position in GameStop by 33.5% during the 1st quarter. Atria Investments LLC now owns 16,213 shares of the company’s stock valued at $205,000 after purchasing an additional 4,066 shares during the period. Oppenheimer & Co. Inc. increased its position in GameStop by 43.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,750 shares of the company’s stock valued at $215,000 after purchasing an additional 4,450 shares during the period. Finally, Swiss National Bank increased its position in GameStop by 2.9% during the 1st quarter. Swiss National Bank now owns 176,482 shares of the company’s stock valued at $2,227,000 after purchasing an additional 5,000 shares during the period.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. 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; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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Analyst Recommendations for GameStop (NYSE:GME)

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