Wal-Mart Stores Stock Rating Reaffirmed by Zacks (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “neutral” rating restated by Zacks in a report released on Friday. They currently have a $80.00 target price on the stock. Zacks‘s price target points to a potential upside of 5.61% from the company’s current price.
Zacks’ analyst wrote, “Walmart posted disappointing results in the first quarter of fiscal 2015. Earnings of $1.10 per share lagged the Zacks Consensus Estimate by 4.3% and declined 3.5% from the year-ago figure. Weak sales due to a volatile macro-economic environment and high direct costs related to harsh weather conditions adversely impacted earnings. Sales increased only 0.8% and also missed the Zacks Consensus Estimate due to unseasonably cold and disruptive weather and soft comp sales. A challenging retail environment in the U.S. as well as in most international markets and currency headwinds has been hurting revenues and comps since past few quarters. Moreover, the company issued a weak second quarter outlook. Nevertheless, we are impressed with the company’s sound long-term fundamentals such as a wide scale of operations, strong international presence and a solid e-commerce business. However, the company expects the headwinds to persist throughout fiscal 2015. This keeps us on the sidelines with a Neutral recommendation.”
Shares of Wal-Mart Stores (NYSE:WMT) traded up 0.17% during mid-day trading on Friday, hitting $75.75. The stock had a trading volume of 2,873,959 shares. Wal-Mart Stores has a 52 week low of $71.51 and a 52 week high of $81.37. The stock’s 50-day moving average is $75.98 and its 200-day moving average is $76.34. The company has a market cap of $244.2 billion and a P/E ratio of 15.61.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.15 by $0.05. The company had revenue of $114.20 billion for the quarter, compared to the consensus estimate of $116.29 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Analysts expect that Wal-Mart Stores will post $5.17 EPS for the current fiscal year.
WMT has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Wal-Mart Stores in a research note on Thursday. They now have a $87.00 price target on the stock, up previously from $29.00. Finally, analysts at Belus Capital initiated coverage on shares of Wal-Mart Stores in a research note on Thursday, June 5th. They set a “sell” rating and a $71.00 price target on the stock. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.22.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
To view Zacks’ full report, visit Zacks’ official website.
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