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Wal-Mart Stores (NYSE:WMT) was downgraded by investment analysts at Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $76.00 target price on the stock, down from their previous target price of $89.00. Jefferies Group’s price objective would suggest a potential upside of 1.78% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $83.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Wal-Mart Stores in a research note on Thursday, July 3rd. They now have a $87.00 price target on the stock, up previously from $29.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Wal-Mart Stores in a research note on Tuesday, June 24th. They set an “overweight” rating and a $87.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $79.94.

Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.42% during mid-day trading on Monday, hitting $74.36. The stock had a trading volume of 4,672,589 shares. Wal-Mart Stores has a 52 week low of $71.51 and a 52 week high of $81.37. The stock has a 50-day moving average of $75.66 and a 200-day moving average of $75.97. The company has a market cap of $239.7 billion and a price-to-earnings ratio of 15.42.

Wal-Mart Stores (NYSE:WMT) last released its earnings data on Thursday, May 15th. The company reported $1.10 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.14 earnings per share. On average, analysts predict that Wal-Mart Stores will post $5.18 earnings per share for the current fiscal year.

Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.

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