Whole Foods Market, Inc. (WFM) Receives Consensus Recommendation of “Hold” from Analysts
Whole Foods Market, Inc. (NASDAQ:WFM) has earned an average rating of “Hold” from the twenty-six analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $37.48.
Several equities analysts recently commented on WFM shares. BidaskClub lowered Whole Foods Market from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Wells Fargo & Company reissued a “hold” rating on shares of Whole Foods Market in a research report on Wednesday, July 26th. Tigress Financial lowered Whole Foods Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. Barclays PLC lowered Whole Foods Market from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $48.00 to $42.00 in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada set a $42.00 target price on Whole Foods Market and gave the company a “buy” rating in a research report on Tuesday, August 29th.
Whole Foods Market (WFM) opened at $42.00 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. Whole Foods Market has a 52-week low of $27.67 and a 52-week high of $43.84.
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Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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