Wal-Mart Stores Stock Rating Lowered by UBS AG (WMT)
Wal-Mart Stores (NYSE:WMT) was downgraded by investment analysts at UBS AG to a “buy” rating in a note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $86.00 price objective on the stock. UBS AG’s price objective would indicate a potential upside of 17.25% from the company’s current price.
A number of other firms have also recently commented on WMT. Analysts at Barclays cut their price target on shares of Wal-Mart Stores from $90.00 to $84.00 in a research note on Friday, February 21st. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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, February 21st. They now have a “not rated” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.45.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 1.68% on Wednesday, hitting $74.58. 3,830,886 shares of the company’s stock traded hands. Wal-Mart Stores has a one year low of $70.58 and a one year high of $81.37. The stock has a 50-day moving average of $75.12 and a 200-day moving average of $76.08. The company has a market cap of $241.6 billion and a price-to-earnings ratio of 14.99.
Wal-Mart Stores (NYSE:WMT) last released its earnings data on Thursday, February 20th. The company reported $1.60 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Wal-Mart Stores will post $5.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, December 3rd.
Wal-Mart Stores, Inc (NYSE:WMT) operates retail stores in various formats globally.
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