Whole Foods Market Receives Consensus Rating of “Hold” from Analysts (NASDAQ:WFM)
Shares of Whole Foods Market (NASDAQ:WFM) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, Analyst Ratings News reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $60.09.
WFM has been the subject of a number of recent research reports. Analysts at Sterne Agee downgraded shares of Whole Foods Market to a “neutral” rating in a research note on Wednesday, May 7th. Separately, analysts at Jefferies Group downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Finally, analysts at Deutsche Bank downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th.
Shares of Whole Foods Market (NASDAQ:WFM) opened at 38.65 on Wednesday. Whole Foods Market has a 52 week low of $37.06 and a 52 week high of $65.59. The stock’s 50-day moving average is $44.99 and its 200-day moving average is $52.11. The company has a market cap of $14.207 billion and a P/E ratio of 25.77. Whole Foods Market also was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 24,695,523 shares, an increase of 17.0% from the April 30th total of 21,102,483 shares. Based on an average daily volume of 12,355,205 shares, the days-to-cover ratio is presently 2.0 days. Approximately 6.7% of the company’s stock are sold short.
Whole Foods Market, Inc (NASDAQ:WFM), is a retailer of natural and organic foods.
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