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 $73.3. The estimated standard deviation from the target is $8.55.
Wal-Mart Stores (WMT) : 4 brokerage houses believe that Wal-Mart Stores (WMT) is a Strong Buy at current levels. 10 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 Hold with a rank of 3. 3 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.
Also, Brokerage firm BMO Capital maintains its rating on Wal-Mart Stores (NYSE:WMT). As per the latest information, the brokerage house raises the price target to $72.81 per share from a prior target of $67. The shares have been rated Underperform. The rating by the firm was issued on August 22, 2016.
Wal-Mart Stores (NYSE:WMT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.57 and $71.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.84, notching a gain of 1.96% for the day. The total traded volume was 11,761,356 . The stock had closed at $71.44 on the previous day.
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.