Wal-Mart Stores (WMT) is Initiated by Guggenheim to Buy

Wal-Mart Stores (WMT) was Initiated by Guggenheim to “Buy”. Guggenheim advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Wal-Mart Stores. KeyBanc Capital Mkts Initiated Wal-Mart Stores on Sep 30, 2016 to “Overweight”, Price Target of the shares are set at $90.Wal-Mart Stores was Resumed by Credit Suisse to “Outperform” on Sep 16, 2016. Company shares were Upgraded by Cowen on Sep 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 83 from a previous price target of $76 .

On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Wal-Mart Stores opened for trading at $71.93 and hit $72.49 on the upside on Tuesday, eventually ending the session at $72.33, with a gain of 0.99% or 0.71 points. The heightened volatility saw the trading volume jump to 63,44,407 shares. Company has a market cap of $223,735 M.

In a different news, on Aug 29, 2016, Steven P Whaley (Senior Vice President) sold 1,100 shares at $71.46 per share price. According to the SEC, on Jul 1, 2016, Rosalind G Brewer (Executive Vice President) sold 10,794 shares at $71.65 per share price. On Feb 26, 2016, Rollin L. Ford (EVP) sold 740 shares at $67.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s 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 Sam’s 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.

Wal-Mart Stores

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