Impact of Brokerage Rating on Gamestop Corporation(GME)

Many Gamestop Corporation(GME) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. GameStop Corp. was Reiterated by Mizuho on Jan 17, 2017 to Buy, Lowers Price Target to $ 33 from a previous price target of $35 .GameStop Corp. was Downgraded by Macquarie on Jan 13, 2017 to Neutral, Lowers Price Target to $ 23 from a previous price target of $27 .GameStop Corp. was Upgraded by Standpoint Research on Dec 29, 2016 to Buy, Price Target of the shares are set at $34.GameStop Corp. was Initiated by Mizuho on Dec 23, 2016 to Buy, Price Target of the shares are set at $35.GameStop Corp. was Initiated by Loop Capital on Dec 7, 2016 to Buy, Price Target of the shares are set at $32.

Company has reported several Insider transactions to the SEC, on Jan 17, 2017, Stephanie M Shern (director) sold 4,000 shares at 22.58 per share price.On Sep 16, 2016, Michael Mauler (EVP – President International) purchased 10,000 shares at 26.91 per share price.On Dec 2, 2015, Steven R Koonin (director) sold 1,250 shares at 35.39 per share price.

GameStop Corp. Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.47. The company had revenue of $1959.20 million for the quarter, compared to analysts expectations of $1988.36 million. The companys revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Gamestop Corporation (NYSE:GME) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.82 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Gamestop Corporation (NYSE:GME) should head towards $27.27 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $21 per share. The higher price estimate target is at $33 according to the Analysts.

Gamestop Corporation (NYSE:GME) rose 1.46% or 0.37 points on Tuesday and made its way into the gainers of the day. After trading began at $25.27 the stock was seen hitting $25.87 as a peak level and $25.25 as the lowest level. The stock ended up at $25.74. The daily volume was measured at 1,543,041 shares. The 52-week high of the share price is $33.72 and the 52-week low is $20.1. The company has a market cap of $2,622 million.

GameStop Corp. is the worlds largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites, GameStop.com and EBgames.com, and publishes Game Informer? magazine, a leading multi-platform video game publication. GameStop Corp. sells new and used video game software, hardware and accessories for next generation video game systems from Sony, Nintendo, and Microsoft. In addition, the company sells PC entertainment software, related accessories and other merchandise.

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For any feedback and suggestions contact author at Bill.Dery@thefoundersdaily.com

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