Wal-Mart Stores (WMT) : 4 brokerage houses believe that Wal-Mart Stores (WMT) is a Strong Buy at current levels. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wal-Mart Stores (WMT). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Hold with a rating of 2.79.
Wal-Mart Stores (WMT) : Average target price received by Wal-Mart Stores (WMT) is $71.06 with an expected standard deviation of $7.96. The most aggressive target on the stock is $85, whereas the most downbeat target is $50. 16 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Northcoast Research downgrades its outlook on Wal-Mart Stores (NYSE:WMT). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 12, 2016.
Wal-Mart Stores (NYSE:WMT): The stock opened at $73.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $73.40 for the day. The stock traded down to $72.51 during the day, due to lack of any buying support eventually closed down at $72.94 with a loss of -0.26% for the day. The stock had closed at $73.13 on the previous day. The total traded volume was 6,567,966 shares.
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.