Whole Foods Market (WFM) Receives ‘Analyst’ Rating

Whole Foods Market (WFM) : 3 brokerage houses believe that Whole Foods Market (WFM) is a Strong Buy at current levels. 9 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 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

Whole Foods Market (WFM) stock is expected to deviate a maximum of $5.21 from the average target price of $31.77 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $23.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Whole Foods Market (NASDAQ:WFM). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency 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): After opening at $27.95, the stock dipped to an intraday low of $27.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.63 and the buying power remained strong till the end. The stock closed at $28.52 for the day, a gain of 1.86% for the day session. The total traded volume was 8,204,078. The stocks close on the previous trading day was $28.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.