Telsey Advisory Group Reiterates “” Rating for Wal-Mart Stores (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “” rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Sunday. They currently have a $80.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 8.25% from the company’s current price.
Wal-Mart Stores (NYSE:WMT) traded down 0.66% during mid-day trading on Friday, hitting $73.90. The stock had a trading volume of 6,942,723 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 $75.46 and its 200-day moving average is $75.9. The company has a market cap of $238.7 billion and a price-to-earnings ratio of 15.26.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data 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 $5.05 EPS for the current fiscal year.
WMT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Friday. They now have a $78.00 price target on the stock, down previously from $80.00. Separately, 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. Finally, analysts at S&P Equity Research reiterated a “positive” rating on shares of Wal-Mart Stores in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $79.65.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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