Share on StockTwits

Stock analysts at Credit Suisse dropped their target price on shares of Whole Foods Market (NYSE:WFM) from $61.00 to $60.00 in a report issued on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Credit Suisse’s target price would indicate a potential upside of 7.96% from the stock’s previous close.

Shares of Whole Foods Market (NYSE:WFM) opened at 55.46 on Thursday. Whole Foods Market has a 52 week low of $40.695 and a 52 week high of $65.59. The stock’s 50-day moving average is $53.83 and its 200-day moving average is $56.74. The company has a market cap of $20.639 billion and a price-to-earnings ratio of 38.01. Whole Foods Market also saw some unusual options trading activity on Monday. Stock investors purchased 6,312 put options on the company. This is an increase of 149% compared to the typical volume of 2,537 put options.

Whole Foods Market (NYSE:WFM) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.02. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company posted $0.78 earnings per share. Whole Foods Market’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Whole Foods Market will post $1.68 earnings per share for the current fiscal year.

A number of other firms have also recently commented on WFM. Analysts at Prime Executions initiated coverage on shares of Whole Foods Market in a research note on Tuesday. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Monday. Finally, analysts at BB&T Corp. upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $64.00 price target on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $68.00.

Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.