Wal-Mart Stores Stock Rating Reaffirmed by TheStreet (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “buy” rating restated by equities research analysts at TheStreet in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports.
The analysts wrote, “Wal-Mart Stores (WMT) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
WMT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Wal-Mart Stores (NYSE:WMT) in a research note to investors on Monday, September 9th. They set a “buy” rating on the stock. Separately, analysts at Susquehanna downgraded shares of Wal-Mart Stores (NYSE:WMT) from a “positive” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $79.00 price target on the stock, down previously from $85.00. Finally, analysts at MKM Partners cut their price target on shares of Wal-Mart Stores (NYSE:WMT) from $76.00 to $75.00 in a research note to investors on Friday, August 16th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.13.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.63% on Wednesday, hitting $73.13. 1,693,289 shares of the company’s stock traded hands. Wal-Mart Stores has a 52-week low of $67.37 and a 52-week high of $79.96. The stock’s 50-day moving average is $74.14 and its 200-day moving average is $76.07. The company has a market cap of $238.1 billion and a price-to-earnings ratio of 14.33.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The company reported $1.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.25. The company had revenue of $116.20 billion for the quarter, compared to the consensus estimate of $118.57 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Wal-Mart Stores will post $5.20 earnings per share for the current fiscal year.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats around globally.
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