Whole Foods Market EPS Estimates Raised by Analysts at UBS AG (WFM)
Stock analysts at UBS AG hoisted their earnings per share (EPS) estimates on shares of Whole Foods Market (NYSE:WFM) in a report issued on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating and a $71.00 price target on the company’s shares. UBS AG’s target price would suggest a potential upside of 10.89% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Whole Foods Market in a research note to investors on Tuesday. They now have a $70.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Whole Foods Market to $71.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Whole Foods Market in a research note to investors on Tuesday, October 15th. They set an “outperform” rating and a $70.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $71.00.
Shares of Whole Foods Market (NYSE:WFM) traded up 0.05% during mid-day trading on Wednesday, hitting $64.06. The stock had a trading volume of 951,604 shares. Whole Foods Market has a 52-week low of $40.695 and a 52-week high of $57.42. The stock has a 50-day moving average of $54.37 and a 200-day moving average of $49.79. The company has a market cap of $23.863 billion and a price-to-earnings ratio of 44.16.
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.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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