Wal-Mart Stores Receives Buy Rating from TheStreet (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “buy” rating restated by TheStreet in a research note issued on Monday, StockRatingsNetwork.com 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 lackluster performance in the stock itself.”
Wal-Mart Stores (NYSE:WMT) traded down 1.17% on Monday, hitting $73.945. 2,090,391 shares of the company’s stock traded hands. Wal-Mart Stores has a 1-year low of $67.37 and a 1-year high of $79.96. The stock’s 50-day moving average is $73.90 and its 200-day moving average is $76.04. The company has a market cap of $240.7 billion and a price-to-earnings ratio of 14.56.
Wal-Mart Stores (NYSE:WMT) last released its earnings data on Thursday, August 15th. The company reported $1.25 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.18 earnings per share. Wal-Mart Stores’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores will post $5.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WMT. Analysts at Zacks reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note to investors on Friday. They now have a $79.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Wal-Mart Stores in a research note to investors on Monday, September 9th. They set a “buy” rating on the stock. Finally, analysts at Susquehanna downgraded shares of Wal-Mart Stores 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. 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 stock. The stock has an average rating of “Buy” and a consensus target price of $80.20.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats around globally.
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