Wal-Mart Stores (WMT) : Zacks Investment Research ranks Wal-Mart Stores (WMT) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.76, which indicates as a Hold.
Wal-Mart Stores (WMT) : Currently there are 16 street experts covering Wal-Mart Stores (WMT) stock. The most bullish and bearish price target for the stock is $86 and $50 respectively for the short term. The average price target of all the analysts comes to $73.74. The estimated standard deviation from the target is $8.87.
Also, Equity Analysts at the Brokerage Firm, BMO Capital, maintains their rating on the shares of Wal-Mart Stores (NYSE:WMT). BMO Capital has a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $72.81 per share from a prior target of $67. The rating by the firm was issued on August 22, 2016.
Wal-Mart Stores (NYSE:WMT): After opening at $71.48, the stock dipped to an intraday low of $71.26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $72.56 and the buying power remained strong till the end. The stock closed at $72.4 for the day, a gain of 1.23% for the day session. The total traded volume was 7,331,974. The stocks close on the previous trading day was $71.52.
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.