Wal-Mart Stores Rating Reiterated by Bank of America Corp. (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “buy” rating restated by equities research analysts at Bank of America Corp. in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a $75.02 price objective on the stock, down from their previous price objective of $90.00. Bank of America Corp.’s price target suggests a potential upside of 0.46% from the stock’s previous close.
WMT has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Wal-Mart Stores from $90.00 to $87.00 in a research note to investors on Friday. Separately, analysts at UBS AG cut their price target on shares of Wal-Mart Stores from $88.00 to $87.00 in a research note to investors on Friday. Finally, analysts at Credit Suisse upgraded shares of Wal-Mart Stores from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 29th. They now have a $87.00 price target on the stock, up previously from $80.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.00.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 74.68 on Monday. Wal-Mart Stores has a 1-year low of $68.13 and a 1-year high of $81.37. The stock has a 50-day moving average of $77.05 and a 200-day moving average of $76.57. The company has a market cap of $241.6 billion and a P/E ratio of 14.35.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 14th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.01. The company had revenue of $114.90 billion for the quarter, compared to the consensus estimate of $116.75 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Wal-Mart Stores will post $5.15 EPS for the current fiscal year.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats around globally.
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