Whole Foods Market Given Average Rating of “Hold” by Brokerages (NASDAQ:WFM)
Whole Foods Market (NASDAQ:WFM) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, Stock Ratings News reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $51.78.
WFM has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Whole Foods Market to a “neutral” rating in a research note on Thursday, July 31st. They now have a $38.00 price target on the stock, down previously from $48.00. Separately, analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Whole Foods Market in a research note on Thursday, July 31st. They now have a $32.00 price target on the stock, down previously from $34.00. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Whole Foods Market in a research note on Thursday, July 31st. They now have a $50.00 price target on the stock, down previously from $55.00.
Shares of Whole Foods Market (NASDAQ:WFM) opened at 37.92 on Monday. Whole Foods Market has a 1-year low of $36.08 and a 1-year high of $65.59. The stock has a 50-day moving average of $37.82 and a 200-day moving average of $44.88. The company has a market cap of $13.698 billion and a price-to-earnings ratio of 24.96.
Whole Foods Market, Inc (NASDAQ:WFM), is a retailer of natural and organic foods.
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