The Analyst Landscape: 5 Takes On Big Lots
Portfolio Pulse from Benzinga Insights
Over the last three months, Big Lots (NYSE:BIG) has been evaluated by 5 analysts, showing a shift towards a more bearish outlook with 3 indifferent, 1 somewhat bearish, and 1 bearish rating recently. The average 12-month price target has been adjusted to $4.2, marking a 25.27% decrease from the previous $5.62. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Big Lots faces challenges with a -14.75% revenue decline, a high debt-to-equity ratio of 7.8, but shows strength in net margin (0.46%) and ROE (1.53%).
March 08, 2024 | 3:01 pm
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NEGATIVE IMPACT
Big Lots has seen a bearish shift in analyst sentiment, with a significant decrease in the average price target to $4.2, reflecting a 25.27% drop. The company is facing revenue declines and high debt levels but maintains strong net margin and ROE.
The bearish shift in analyst sentiment and the significant reduction in the average price target suggest a negative short-term impact on Big Lots' stock price. The revenue decline and high debt levels are concerning, but the strong net margin and ROE could provide some support. The overall negative outlook from analysts, however, is likely to weigh more heavily on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100