Gamestop Corporation (NYSE:GME) has been assigned a $20.00 price objective by equities research analysts at Credit Suisse Group in a research report issued on Saturday. The firm presently has a “hold” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 14.81% from the company’s current price.

Several other analysts have also weighed in on GME. BidaskClub upgraded shares of Gamestop from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Gamestop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Telsey Advisory Group lowered shares of Gamestop from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Gamestop in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.47.

Shares of Gamestop (NYSE:GME) opened at $17.42 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35. Gamestop has a 12-month low of $15.85 and a 12-month high of $26.84. The firm has a market cap of $1,764.77, a PE ratio of 4.71, a PEG ratio of 0.35 and a beta of 1.24.

Gamestop (NYSE:GME) last issued its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. analysts anticipate that Gamestop will post 3.3 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in GME. Capstone Asset Management Co. lifted its holdings in Gamestop by 2.7% during the 2nd quarter. Capstone Asset Management Co. now owns 20,721 shares of the company’s stock valued at $448,000 after purchasing an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Gamestop by 1.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,626 shares of the company’s stock valued at $813,000 after purchasing an additional 690 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Gamestop by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after purchasing an additional 1,213 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Gamestop by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock valued at $571,000 after purchasing an additional 700 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Gamestop by 0.7% in the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after acquiring an additional 300 shares during the last quarter.

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Gamestop Company Profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

Analyst Recommendations for Gamestop (NYSE:GME)

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