Whole Foods Market’s “Buy” Rating Reaffirmed at Jefferies Group (WFM)
Whole Foods Market (NYSE:WFM)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Tuesday, American Banking News.com reports. They currently have a $70.00 price objective on the stock. Jefferies Group’s target price points to a potential upside of 7.30% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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, October 22nd. They now have a “buy” rating on the stock. Separately, 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. 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $71.00.
Shares of Whole Foods Market (NYSE:WFM) traded up 1.01% during mid-day trading on Tuesday, hitting $65.24. 1,764,162 shares of the company’s stock traded hands. Whole Foods Market has a 52 week low of $40.695 and a 52 week high of $57.42. The stock’s 50-day moving average is $54.37 and its 200-day moving average is $49.79. The company has a market cap of $24.303 billion and a price-to-earnings ratio of 44.54.
Whole Foods Market (NYSE:WFM) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. Whole Foods Market’s revenue was up 12.1% compared to the same quarter last year. 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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