GameStop (GME) Doing Good Job Gaining Market Share; Low Valuation Attractive - Ascendiant Capital at 'Buy'
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Price: $36.25 -1.44%
Rating Summary:
7 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade GME Now!
Ascendiant Capital maintains a 'Buy' on GameStop (NYSE: GME) price target of $23.00 (from $25.00).
Analyst, Edward Woo, said, "Q2 in line, and FY12 EPS guidance maintained. We believe stock still attractive as low valuation, high cash flow, and raised dividend likely to drive upside to share price...GME's results have been weighed by weak industry sales, but we believe that it is doing a good job gaining market share, managing gross margins and operating costs, and investing in new digital and tablets initiatives."
Woo tweaks FY12 EPS estimate from $3.16 to $3.15 and FY13 from $3.40 to $3.35. FY12 revenues from $9.266B to $9.018B, FY13 from $9.465B to $9.214B.
Shares are trading close to the intraday high ($18.74), currently up $0.62 (+3.44%) to $18.60.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $17.98 yesterday, with a 52 week range of $15.32-$26.66.
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Analyst, Edward Woo, said, "Q2 in line, and FY12 EPS guidance maintained. We believe stock still attractive as low valuation, high cash flow, and raised dividend likely to drive upside to share price...GME's results have been weighed by weak industry sales, but we believe that it is doing a good job gaining market share, managing gross margins and operating costs, and investing in new digital and tablets initiatives."
Woo tweaks FY12 EPS estimate from $3.16 to $3.15 and FY13 from $3.40 to $3.35. FY12 revenues from $9.266B to $9.018B, FY13 from $9.465B to $9.214B.
Shares are trading close to the intraday high ($18.74), currently up $0.62 (+3.44%) to $18.60.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $17.98 yesterday, with a 52 week range of $15.32-$26.66.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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