Bed Bath & Beyond Rating Update

Morningstar, an acclaimed investment research and management firm has given “BBB+” credit rating and a two star rating to Bed Bath & Beyond. The BBB+ rating means that the company has a reasonable default risk.

Several analysts have been covering stocks of Bed Bath & Beyond lately. On Monday in a research note, Oppenheimer analyst promoted shares of the company to an outperform rating from a market performance rating and increased their target price to $85 from previous $69 of the company.

Zacks analysts restated its “neutral” rating on the stock the stock of the company and raised a target price of $77 on Wednesday 21^st January. A Canadian bank and financial service company; Canaccord Genuity Group analysts restated a rating of Buy and set a new target price of $88 on stock of Bed Bath & Beyond last month. Lastly, Standard and Poor’s financial services LLP demoted the shares of the company to a Hold and set a target price of $80 on the stock in a research note last month.

Out of 21 equity research analyst, four have given it a sell rating; eleven have rated the stock as Hold and remaining six have issued a buy rating including one strong buy rating. The retail company's stock currently on an average has a rating of Hold and average price target of $72.62.

Bed Bath & Beyond announced its last quarter earnings last month on 8^th January. The company posted earnings of $1.23 per share for the quarter covering from October to December surpassing the analyst’s expectation of $1.19 per Share. The Company declared revenue of $2.94 billion which was up by 2.7% from the similar quarter previous year. For the fiscal year, analysts expect BBBY to post annual earnings per share of $5.05.

Total of 13 analysts has given Bed Bath & Beyond stock a short-term target price of $78.77. The stock price is likely to fluctuate from average short term price. The higher approximation of the company's price target is $90 and lower is $55.

Bed Bath and beyond (NASDAQ:BBBY)stock price is down by 0.40%, with stock price $76.58 at market close on Friday 23^rd February, with 30-days mean volume of 2.83 million shares. The United States domestic merchandise retail store company has a 52-week low of $54.96, and a 52-week high of $79.64 with market cap of $14.29 billion and price to earnings ratio of 15.56.