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Wal-Mart Stores (NYSE: WMT) received a number of ratings updates from brokerages and research firms in the last week:

  • Wal-Mart Stores was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating. They now have a $76.00 price target on the stock, down previously from $89.00.
  • Wal-Mart Stores had its “positive” rating reaffirmed by analysts at S&P Equity Research. They wrote, “Wal-Mart (WMT) is scheduled to report its second quarter earnings before the opening bell on Thursday.  Based on the stock performance in recent market action, Wall Street is not expecting positive results as Wal-Mart is down for the last day, month, quarter, and year of market action. For 2014, Wal-Mart is off by more than 3% with the S&P 500  (SPY) up more than 5%. 
    Despite that, there are three reasons for long term investors to be bullish about Wal-Mart.
    Even though it is the world’s largest retailer, Wal-Mart is adapting.

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  • Wal-Mart Stores had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $78.00 price target on the stock, down previously from $80.00.
  • Wal-Mart Stores had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $80.00 price target on the stock, down previously from $83.00.
  • Wal-Mart Stores had its “” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $80.00 price target on the stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 74.96 on Thursday. Wal-Mart Stores, Inc. 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 $75.42 and a 200-day moving average of $75.96. The company has a market cap of $242.1 billion and a price-to-earnings ratio of 15.36. Wal-Mart Stores also was the recipient of some unusual options trading on Tuesday. Investors bought 19,361 call options on the company. This represents an increase of approximately 184% compared to the typical daily volume of 6,827 call options.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 14th. The company reported $1.21 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.24 earnings per share. Analysts expect that Wal-Mart Stores, Inc. will post $5.05 EPS for the current fiscal year.

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

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