Ascendiant Capital Starts GameStop (GME) at Buy; Current Valuation is Attractive
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Price: $18.66 +0.48%
Rating Summary:
3 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Ascendiant Capital initiates coverage on GameStop (NYSE: GME) with a Buy. PT $30.00.
Analyst, Edward Woo, said, "Stock attractive as low valuation and high cash flow likely to drive upside to share price. We recommend the stock and believe its valuation will increase as visibility to digital opportunities improves."
"GameStop will report its Q4 FY11 results on March 22, 2012. We expect GameStop will report Q4 results in line with our and consensus estimates, and within its updated guidance. We expect management to provide initial FY12 guidance close to our estimates for revenue of $9.7 billion, comps of +0.1%, and EPS of $3.20."
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 $24.01 yesterday.
Analyst, Edward Woo, said, "Stock attractive as low valuation and high cash flow likely to drive upside to share price. We recommend the stock and believe its valuation will increase as visibility to digital opportunities improves."
"GameStop will report its Q4 FY11 results on March 22, 2012. We expect GameStop will report Q4 results in line with our and consensus estimates, and within its updated guidance. We expect management to provide initial FY12 guidance close to our estimates for revenue of $9.7 billion, comps of +0.1%, and EPS of $3.20."
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 $24.01 yesterday.
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