The shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on April 5th, 2019. Morgan Stanley wasn’t the only research firm that published a report of Bed Bath & Beyond Inc., with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on April 1st, 2019, to Neutral the BBBY stock while also putting a $18 price target. The stock had earned Market Perform rating from Telsey Advisory Group when it published its report on March 27th, 2019. That day the Telsey Advisory Group set price target on the stock to $18. The stock was given Strong Buy rating by Raymond James in its report released on March 26th, 2019, the day when the price target on the stock was placed at $20. Loop Capital was of a view that BBBY is Hold in its latest report on March 26th, 2019 while giving it a price target of $14. KeyBanc Capital Markets thinks that BBBY is worth Sector Weight rating. This was contained in the firm’s report on March 26th, 2019.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.80. The price of the stock the last time has raised by 78.01% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 73.79.
The shares of the company added by 1.47% during the trading session on Monday, reaching a low of $18.19 while ending the day at $18.62. During the trading session, a total of 11.94 million shares were traded which represents a -52.68% decline from the average session volume which is 7.82M shares. BBBY had ended its last session trading at 18.35. Bed Bath & Beyond Inc. currently has a market cap of $2.49B, while its P/E ratio stands at 8.03, while its P/E earnings growth sits at 0.20, with a beta of 1.18. Bed Bath & Beyond Inc. debt-to-equity ratio currently stands at 0.51, while its quick ratio hovers at 0.60. BBBY 52-week low price stands at $10.46 while its 52-week high price is $21.63.
The company in its last quarterly report recorded $0.18 earnings per share which is above the $0.17 predicted by most analysts. The Bed Bath & Beyond Inc. generated $3,032.23 million in revenue during the last quarter, which is slightly lower than the $3,037.80 million predicted by analysts. In the second quarter last year, the firm recorded $0.36 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -100%. Bed Bath & Beyond Inc. has the potential to record 2.32 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on January 31st, 2019 where it informed investors and clients that QUALCOMM Incorporated (NASDAQ:QCOM) is now rated as Neutral. Their price target on the stock stands at $55. Citigroup also rated QCOM as Upgrade on April 1st, 2019, with its price target of $18 suggesting that QCOM could surge by 10.63% from its current share price. Even though the stock has been trading at $57.99/share, analysts expect it to surge higher by -0.40% to reach $64.63/share. It started the day trading at $58.49 and traded between $57.51 and $57.76 throughout the trading session.
A look at its technical shows that QCOM’s 50-day SMA is 54.01 while its 200-day SMA stands at 60.05. The stock has a high of $76.50 for the year while the low is $48.56. The company’s P/E ratio currently sits at 38.38, while the P/B ratio is 19.38. At the moment, only of QUALCOMM Incorporated shares were sold short. The company’s average trading volume currently stands at 14.29M shares, which means that the short-interest ratio is just 1.95 days. Over the past seven days, the company moved, with its shift of -0.09%. Looking further, the stock has raised 2.34% over the past 90 days while it lost -20.20% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more QCOM shares, decreasing its portfolio by -9.50% during the last quarter. This move now sees The Vanguard Group Inc selling -10,024,958 shares in the last quarter, thus it now holds 95,472,727 shares of QCOM, with a total valuation of $5,097,288,895. BlackRock Fund Advisors meanwhile sold more QCOM shares in the recently filed quarter, changing its stake to $3,204,023,649 worth of shares. SSgA Funds Management Inc followed the path by decreasing its QCOM portfolio by -11.87% in the quarter. This means that SSgA Funds Management Inc sold -6,739,429 shares in the last quarter and now controls 50,029,865 shares of the QCOM stock, with the valuation hitting $2,671,094,492.
Similarly, Capital Research Management Co decreased its QUALCOMM Incorporated shares by -18.12% during the recently filed quarter. After selling -8,010,076 shares in the last quarter, the firm now controls 36,200,128 shares of QUALCOMM Incorporated which are valued at $1,932,724,834. In the same vein, Capital Research Management Co increased its QUALCOMM Incorporated shares by during the most recent reported quarter. The firm bought 4,918,505 shares during the quarter which increased its stakes to 30,405,497 shares and is now valued at $1,623,349,485. Following these latest developments, around 0.09% of QUALCOMM Incorporated stocks are owned by institutional investors and hedge funds.