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Nov 21 – Nov 27, 2011 Edition Analysts Ratings Mixed on Barnes & Noble
AUTHORLINK NEWS VIA LOCALIZED USA/11/23/2011–Equities research analysts at Credit Suisse (NYSE: CS) raised their earnings per share (EPS) estimates on shares of Barnes & Noble Inc (NYSE: BKS) in a research note issued to investors on yesterday. The bookseller currently has a neutral rating and a $20.00 price target on the companys shares.
Separately, analysts at Stifel Nicolaus upgraded shares of Barnes & Noble Inc to a buy rating in a research note to investors on Thursday, November 17th. Also, analysts at Zacks Investment Research downgraded shares of Barnes & Noble Inc from a neutral rating to an underperform rating in a research note to investors on Wednesday, November 2nd.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. The Company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. As of May 1, 2010, the Company operated 1,357 bookstores in 50 states, 637 bookstores on college campuses, and one a Web eCommerce sites, which includes the development of digital content products and software. Barnes & Noble operates in two segments: B&N Retail and B&N College. B&N Retail refers to Barnes & Noble excluding B&N College. The Company’s principal business is the sale of trade books (generally hardcover and paperback consumer titles, mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, eBooks and other digital content, eReaders and related accessories, bargain books, music and movies direct to customers through its bookstores or on Barnes & Noble.com.
Shares of Barnes & Noble Inc traded up 3.69% during mid-day trading on Tuesday, hitting $17.99. Barnes & Noble Inc has a 52 week low of $10.30 and a 52 week high of $17.59. The stocks 50-day moving average is $12.63 and its 200-day moving average is $12.61. The company has a market cap of $1.042 billion. More details at Localized USA, source for local, state, and national news.