Wal-Mart Stores Earns “” Rating from Telsey Advisory Group (WMT)
Wal-Mart Stores (NYSE:WMT)‘s stock had its “” rating reaffirmed by investment analysts at Telsey Advisory Group in a note issued to investors on Friday. They currently have a $80.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 5.40% from the company’s current price.
A number of other analysts have also recently weighed in on WMT. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Friday, August 15th. 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, August 15th. 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, August 13th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $79.69.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.60% during mid-day trading on Friday, hitting $75.445. 800,612 shares of the company’s stock traded hands. 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 $75.40 and its 200-day moving average is $76.0. The company has a market cap of $243.7 billion and a price-to-earnings ratio of 15.57.
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 will post $5.04 EPS for the current fiscal year.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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