Could Barnes & Noble Education, Inc. (BNED) Go Down? The Stock Formed Double Bottom Chart Pattern
January 28, 2018 – By Dolores Ford
The chart of Barnes & Noble Education, Inc. (BNED) shows a double bottom with $6.27 target or 9.00 % below today’s $6.89 share price. The 5 months chart pattern indicates high risk for the $323.24 million company. It was reported on Jan, 28 by Finviz.com. If the $6.27 price target is reached, the company will be worth $29.09 million less. Double bottoms are rare but powerful chart patterns.
The stock decreased 3.91% or $0.28 during the last trading session, reaching $6.89. About 387,737 shares traded. Barnes & Noble Education, Inc. (NYSE:BNED) has risen 5.18% since January 28, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.
Analysts await Barnes & Noble Education, Inc. (NYSE:BNED) to report earnings on February, 27. They expect $0.12 earnings per share, up 33.33 % or $0.03 from last year’s $0.09 per share. BNED’s profit will be $5.63M for 14.35 P/E if the $0.12 EPS becomes a reality. After $1.03 actual earnings per share reported by Barnes & Noble Education, Inc. for the previous quarter, Wall Street now forecasts -88.35 % negative EPS growth.
Barnes & Noble Education, Inc. (NYSE:BNED) Ratings Coverage
Among 4 analysts covering Barnes & Noble Education (NYSE:BNED), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Barnes & Noble Education had 6 analyst reports since July 27, 2015 according to SRatingsIntel. BWS Financial initiated the shares of BNED in report on Tuesday, October 11 with “Strong Buy” rating. Craig Hallum initiated Barnes & Noble Education, Inc. (NYSE:BNED) on Monday, July 27 with “Buy” rating. Craig Hallum maintained Barnes & Noble Education, Inc. (NYSE:BNED) rating on Thursday, August 31. Craig Hallum has “Buy” rating and $10.0 target. Cantor Fitzgerald initiated the stock with “Hold” rating in Wednesday, October 7 report. The rating was initiated by Sidoti with “Neutral” on Monday, May 9.
More notable recent Barnes & Noble Education, Inc. (NYSE:BNED) news were published by: Seekingalpha.com which released: “DD On The Recent MBS Acquisition From Barnes & Noble Education” on May 14, 2017, also Seekingalpha.com with their article: “Barnes & Noble Education: A Brick-And-Mortar Retailer Worthy Of Investment” published on October 04, 2017, Businesswire.com published: “Barnes & Noble Education Acquires Student Brands” on August 04, 2017. More interesting news about Barnes & Noble Education, Inc. (NYSE:BNED) were released by: Businesswire.com and their article: “Barnes & Noble Education, Inc. Announces CEO Succession” published on July 20, 2017 as well as Seekingalpha.com‘s news article titled: “Barnes & Noble Education: Far From A Shot In The Dark” with publication date: June 21, 2017.
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