It Seems Barnes & Noble Education, Inc. (BNED) Will Go Down. Formed A Few Months Double Bottom Chart Pattern

January 2, 2018 - By Adrian Erickson

The chart of Barnes & Noble Education, Inc. (BNED) shows a double bottom with $7.58 target or 8.00 % below today’s $8.24 share price. The 8 months chart pattern indicates high risk for the $386.57M company. It was reported on Jan, 2 by Finviz.com. If the $7.58 price target is reached, the company will be worth $30.93 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.32% or $0.11 during the last trading session, reaching $8.24. About 363,799 shares traded. Barnes & Noble Education, Inc. (NYSE:BNED) has risen 5.18% since January 2, 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 17.17 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 has $25 highest and $10.0 lowest target. $12’s average target is 45.63% above currents $8.24 stock price. Barnes & Noble Education had 6 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Barnes & Noble Education, Inc. (NYSE:BNED) has “Neutral” rating given on Monday, May 9 by Sidoti. The company was maintained on Thursday, August 31 by Craig Hallum. BWS Financial initiated Barnes & Noble Education, Inc. (NYSE:BNED) rating on Tuesday, October 11. BWS Financial has “Strong Buy” rating and $14 target. The firm earned “Buy” rating on Monday, July 27 by Craig Hallum. Cantor Fitzgerald initiated the shares of BNED in report on Wednesday, October 7 with “Hold” rating.

More notable recent Barnes & Noble Education, Inc. (NYSE:BNED) news were published by: Seekingalpha.com which released: “Barnes & Noble Education: A Brick-And-Mortar Retailer Worthy Of Investment” on October 04, 2017, also Huffingtonpost.com with their article: “Women in Business Q&A: Lisa Malat, VP of Operations and CMO, Barnes & Noble …” published on November 27, 2017, Fool.com published: “Why Barnes & Noble Education Inc Stock Jumped on Tuesday” on December 05, 2017. More interesting news about Barnes & Noble Education, Inc. (NYSE:BNED) were released by: Businesswire.com and their article: “Portland State University Selects Barnes & Noble Education LoudCloud to Co …” published on October 17, 2017 as well as Seekingalpha.com‘s news article titled: “Barnes & Noble Education (BNED) on Q1 2018 Results – Earnings Call Transcript” with publication date: August 30, 2017.

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