Wal-Mart Stores Given Neutral Rating at JPMorgan Chase & Co. (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $78.00 price objective on the stock, down from their previous price objective of $80.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 4.85% from the company’s current price.
Wal-Mart Stores (NYSE:WMT) traded down 0.82% on Friday, hitting $73.78. 2,384,366 shares of the company’s stock traded hands. Wal-Mart Stores has a 1-year low of $71.51 and a 1-year high of $81.37. The stock’s 50-day moving average is $75.49 and its 200-day moving average is $75.94. The company has a market cap of $237.8 billion and a P/E ratio of 15.36.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 14th. The company reported $1.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.21. The company had revenue of $119.30 billion for the quarter, compared to the consensus estimate of $119.00 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Analysts expect that Wal-Mart Stores will post $5.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Wal-Mart Stores in a research note on Friday. They now have a $80.00 price target on the stock, down previously from $83.00. Separately, analysts at S&P Equity Research reiterated a “positive” rating on shares of Wal-Mart Stores in a research note on Wednesday. Finally, analysts at Jefferies Group downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $76.00 price target on the stock, down previously from $89.00. Four investment 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. The company presently has an average rating of “Hold” and a consensus price target of $79.65.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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