Deutsche Bank Maintains a 'Hold' on Bed Bath & Beyond (BBBY); Strong Industry Trends Point to Another Beat
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Price: $4.35 --0%
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
4 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Deutsche Bank maintains a 'Hold' on Bed Bath & Beyond (NASDAQ: BBBY) price target of $65.00.
Deutsche analyst says, "We are forecasting $0.85 and 3.5% comps vs consensus of $0.89 and 4% comps. But, we see significant upside for two reasons. First, BBBY has a track record of beating estimates, with the average beat over the past 10 years being 9%. Secondly, industry sales trends have accelerated, pointing to a comp acceleration versus last quarter. We balance the likelihood of a beat with a relatively full valuation to maintain our long term Hold rating although we believe this quarter should be a catalyst." (Deutsche's Q4 EPS estimate is $1.29 and FY12 is $3.78, FY13 is $4.40)
For an analyst ratings summary and ratings history on Bed Bath and Beyond click here. For more ratings news on Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $61.17 yesterday.
Deutsche analyst says, "We are forecasting $0.85 and 3.5% comps vs consensus of $0.89 and 4% comps. But, we see significant upside for two reasons. First, BBBY has a track record of beating estimates, with the average beat over the past 10 years being 9%. Secondly, industry sales trends have accelerated, pointing to a comp acceleration versus last quarter. We balance the likelihood of a beat with a relatively full valuation to maintain our long term Hold rating although we believe this quarter should be a catalyst." (Deutsche's Q4 EPS estimate is $1.29 and FY12 is $3.78, FY13 is $4.40)
For an analyst ratings summary and ratings history on Bed Bath and Beyond click here. For more ratings news on Bed Bath and Beyond click here.
Shares of Bed Bath and Beyond closed at $61.17 yesterday.
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