Loop Capital Analysts Give GameStop (GME) a $26.00 Price Target

Loop Capital set a $26.00 price target on GameStop (NYSE:GME) in a report published on Wednesday. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reissued a buy rating and issued a $23.00 price target on shares of GameStop in a research report on Wednesday, November 22nd. ValuEngine raised shares of GameStop from a hold rating to a buy rating in a research report on Friday, December 1st. Wedbush set a $23.00 price target on shares of GameStop and gave the company a buy rating in a research report on Monday, February 12th. Bank of America reissued a hold rating and issued a $23.00 price target on shares of GameStop in a research report on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a hold rating on shares of GameStop in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $22.23.

How to Become a New Pot Stock Millionaire

GME stock opened at $13.50 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. GameStop has a 1 year low of $13.49 and a 1 year high of $25.31. The company has a market cap of $1,401.04, a P/E ratio of 3.94, a price-to-earnings-growth ratio of 0.28 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.52 annualized dividend and a dividend yield of 11.26%. GameStop’s dividend payout ratio (DPR) is currently 44.31%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in GameStop by 5.5% in the fourth quarter. BlackRock Inc. now owns 8,860,599 shares of the company’s stock valued at $159,047,000 after acquiring an additional 462,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in GameStop by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock valued at $176,357,000 after acquiring an additional 34,512 shares during the last quarter. Bank of New York Mellon Corp lifted its position in GameStop by 22.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,894,420 shares of the company’s stock valued at $51,956,000 after acquiring an additional 527,083 shares during the last quarter. Two Sigma Investments LP lifted its position in GameStop by 10.9% in the fourth quarter. Two Sigma Investments LP now owns 2,117,573 shares of the company’s stock valued at $38,010,000 after acquiring an additional 207,860 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in GameStop by 7.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,860,939 shares of the company’s stock valued at $33,404,000 after acquiring an additional 134,352 shares during the last quarter.

WARNING: “Loop Capital Analysts Give GameStop (GME) a $26.00 Price Target” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3295963/loop-capital-analysts-give-gamestop-gme-a-26-00-price-target.html.

GameStop 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.

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

56,297 Shares in HFF  Purchased by Millennium Management LLC
56,297 Shares in HFF Purchased by Millennium Management LLC
D.B. Root & Company LLC Acquires Shares of 10,296 Qualcomm
D.B. Root & Company LLC Acquires Shares of 10,296 Qualcomm
Canadian National Railway  Price Target Cut to C$112.00 by Analysts at Desjardins
Canadian National Railway Price Target Cut to C$112.00 by Analysts at Desjardins
Metropolitan Life Insurance Co. NY Has $239,000 Stake in Assembly Biosciences
Metropolitan Life Insurance Co. NY Has $239,000 Stake in Assembly Biosciences
Barracuda Networks Inc  Holdings Cut by Metropolitan Life Insurance Co. NY
Barracuda Networks Inc Holdings Cut by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY Sells 3,827 Shares of National Healthcare
Metropolitan Life Insurance Co. NY Sells 3,827 Shares of National Healthcare


© 2006-2018 Ticker Report. Google+.