Barclays Lowers Wal-Mart Stores Price Target to $84.00 (WMT)
Equities researchers at Barclays decreased their price objective on shares of Wal-Mart Stores (NYSE:WMT) from $90.00 to $84.00 in a research report issued on Friday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 14.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their EPS estimates on shares of Wal-Mart Stores in a research note on Friday. They now have a “market perform” rating and a $79.00 price target on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Wal-Mart Stores from $86.00 to $80.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Gilford Securities downgraded shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $81.50.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.27% on Friday, hitting $73.3207. The stock had a trading volume of 5,070,710 shares. Wal-Mart Stores has a 1-year low of $69.89 and a 1-year high of $81.37. The stock’s 50-day moving average is $75.59 and its 200-day moving average is $76.19. The company has a market cap of $237.2 billion and a price-to-earnings ratio of 14.13. Wal-Mart Stores also saw some unusual options trading on Thursday. Stock traders purchased 32,001 call options on the company. This represents an increase of approximately 218% compared to the average daily volume of 10,074 call options.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.60. The company had revenue of $129.71 billion for the quarter, compared to the consensus estimate of $130.44 billion. On average, analysts predict that Wal-Mart Stores will post $5.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 3rd.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats globally.
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