Whole Foods Market Stock Rating Upgraded by Argus (WFM)
Whole Foods Market (NYSE:WFM) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $48.00 price target on the stock. Argus’ price objective would indicate a potential upside of 0.10% from the stock’s previous close.
A number of other analysts have also recently weighed in on WFM. Analysts at Jefferies Group downgraded shares of Whole Foods Market from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $46.00 price target on the stock, down previously from $61.00. Separately, analysts at Cantor Fitzgerald downgraded shares of Whole Foods Market from a “hold” rating to a “sell” rating in a research note on Wednesday. They now have a $38.00 price target on the stock, down previously from $48.00. Finally, analysts at BMO Capital Markets downgraded shares of Whole Foods Market from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a $40.00 price target on the stock, down previously from $65.00. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Whole Foods Market presently has a consensus rating of “Hold” and an average price target of $52.62.
Whole Foods Market (NYSE:WFM) traded down 19.58% on Wednesday, hitting $38.5596. The stock had a trading volume of 32,557,144 shares. Whole Foods Market has a one year low of $47.70 and a one year high of $65.59. The stock’s 50-day moving average is $50.7 and its 200-day moving average is $54.75. The company has a market cap of $14.343 billion and a price-to-earnings ratio of 31.97. Whole Foods Market also was the target of unusually large options trading activity on Monday. Traders purchased 10,457 call options on the stock. This represents an increase of 183% compared to the typical daily volume of 3,693 call options.
Whole Foods Market (NYSE:WFM) last announced its earnings results on Tuesday, May 6th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company posted $0.76 earnings per share. Whole Foods Market’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that Whole Foods Market will post $1.61 EPS for the current fiscal year.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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