Whole Foods Market Stock Rating Lowered by Cleveland Research (WFM)
Whole Foods Market (NYSE:WFM) was downgraded by Cleveland Research from a “buy” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Whole Foods Market in a research note to investors on Wednesday, December 18th. They set an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note to investors on Friday, November 8th. They now have a $60.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 8th. They now have a $57.00 price target on the stock, down previously from $66.00. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Whole Foods Market has a consensus rating of “Buy” and an average price target of $69.30.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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