Analyst Rating Update on Whole Foods Market (WFM)

Whole Foods Market (WFM) : 3 brokerage houses believe that Whole Foods Market (WFM) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Whole Foods Market (WFM). Zacks Investment Research suggests a Sell with a rank of 4. 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 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.88.

Whole Foods Market (WFM) : The consensus price target for Whole Foods Market (WFM) is $31.87 for the short term with a standard deviation of $4.66. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $23.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Whole Foods Market (NASDAQ:WFM). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $28 per share to $32 per share. The rating by the firm was issued on July 28, 2016.


Whole Foods Market (NASDAQ:WFM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.07 and $30.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.40, notching a gain of 0.80% for the day. The total traded volume was 4,596,857 . The stock had closed at $30.16 on the previous day.

Whole Foods Market, Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment, natural and organic foods supermarkets. As of September 29, 2013, Whole Foods Market operated 362 stores in the United States, Canada, and the United Kingdom. The Companys offices are supported by its headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centers, and a specialty coffee and tea procurement and roasting operation. The Companys product selection includes grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, and lifestyle products including books, pet products, and household products. The Companys 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.

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