Whole Foods Market Inc. Hits New 52-Week High at $64.10 (WFM)
Shares of Whole Foods Market (NYSE:WFM) hit a new 52-week high on Friday, Analyst Ratings.Net reports. The company traded as high as $64.10 and last traded at $63.79, with a volume of 1,563,765 shares trading hands. The stock had previously closed at $63.40.
WFM has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Whole Foods Market in a research note to investors on Tuesday. They set an “outperform” rating and a $70.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Whole Foods Market in a research note to investors on Monday, October 7th. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Whole Foods Market in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $70.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Whole Foods Market presently has a consensus rating of “Buy” and an average price target of $72.67.
Whole Foods Market has a 52-week low of $40.695 and a 52-week high of $63.21. The stock’s 50-day moving average is $57.58 and its 200-day moving average is $52.44. The company has a market cap of $23.785 billion and a price-to-earnings ratio of 43.72.
Whole Foods Market (NYSE:WFM) last released its 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.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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