Whole Foods Market Rating Increased to Buy at Williams Capital (WFM)
Whole Foods Market (NYSE:WFM) was upgraded by research analysts at Williams Capital from a “hold” rating to a “buy” rating in a report released on Monday, Stock Ratings Network.com reports. The firm currently has a $64.00 price target on the stock, up from their previous price target of $53.00. Williams Capital’s price target points to a potential upside of 16.68% from the stock’s previous close.
Shares of Whole Foods Market (NYSE:WFM) opened at 54.85 on Monday. Whole Foods Market has a one year low of $40.695 and a one year high of $56.83. The stock’s 50-day moving average is currently $53.94. The company has a market cap of $20.421 billion and a P/E ratio of 75.14.
Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that Whole Foods Market will post $1.46 EPS for the current fiscal year.
A number of other firms have also recently commented on WFM. Analysts at Credit Suisse raised their EPS on shares of Whole Foods Market in a research note to investors on Thursday. They now have a “neutral” rating and a $55.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Whole Foods Market from $56.00 to $66.00 in a research note to investors on Thursday. Finally, analysts at Cantor Fitzgerald downgraded shares of Whole Foods Market from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 29th. They now have a $54.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.33.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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