Whole Foods Market Now Covered by Analysts at Raymond James (WFM)
Analysts at Raymond James initiated coverage on shares of Whole Foods Market (NYSE: WFM) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Edward Jones upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note to investors on Monday, March 11th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Whole Foods Market in a research note to investors on Wednesday, March 6th. They now have a $100.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Whole Foods Market from $105.00 to $100.00 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock.
Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Whole Foods Market presently has a consensus rating of “Buy” and a consensus price target of $101.81.
Whole Foods Market (NYSE: WFM) traded up 0.92% on Tuesday, hitting $86.35. Whole Foods Market has a 1-year low of $80.81 and a 1-year high of $101.86. The stock’s 50-day moving average is currently $89.23. The company has a market cap of $16.003 billion and a price-to-earnings ratio of 32.27.
Whole Foods Market (NYSE: WFM) last released its earnings data on Wednesday, February 13th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Whole Foods Market has set its FY13 guidance at $2.83-2.87 EPS. Analysts expect that Whole Foods Market will post $2.87 EPS for the current fiscal year.
Whole Foods Market, Inc. (NYSE: WFM) is a natural and organic foods supermarkets. As of September 25, 2011, Whole Foods Market operated 311 stores in the United States, Canada, and the United Kingdom.
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