Price Target Update on Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores (NYSE:WMT) : 17 Wall Street analysts covering Wal-Mart Stores (NYSE:WMT) believe that the average level the stock could reach for the short term is $70.59. The maximum price target given is $82 and the minimum target for short term is around $50, hence the standard deviation is calculated at $7.34.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Jefferies upgrades the rating on Wal-Mart Stores (NYSE:WMT). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target from $60 per share to $82 per share. The rating by the firm was issued on June 6, 2016.

Wal-Mart Stores (NYSE:WMT): stock turned positive on Thursday. Though the stock opened at $72.2, the bulls momentum made the stock top out at $72.24 level for the day. The stock recorded a low of $71.785 and closed the trading day at $72.1, in the green by 0.49%. The total traded volume for the day was 6,970,182. The stock had closed at $71.75 in the previous days trading.

The company shares have dropped -0.15% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $74.14 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $69.47 and the 200 Day Moving Average price is recorded at $66.48. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP) of Wal Mart Stores Inc, Ford Rollin L. had sold 740 shares worth of $50,061 in a transaction dated February 25, 2016. In this transaction, 740 shares were sold at $67.65 per share.

Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Companys operations are conducted in three segments: Walmart U.S., Walmart International and Sams Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail, wholesale and other. The Sams Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico, as well as digital retail.

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