Whole Foods Market (WFM) Receives Price Target

Whole Foods Market (WFM) : Average target price received by Whole Foods Market (WFM) is $31.79 with an expected standard deviation of $5.01. The most aggressive target on the stock is $38, whereas the most downbeat target is $23. 14 financial analysts are currently covering the stock.

Whole Foods Market (WFM) : 3 brokerage houses believe that Whole Foods Market (WFM) 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 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 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.87.


Also, Deutsche Bank maintains its rating on Whole Foods Market (NASDAQ:WFM). The global brokerage major raises the current price target from $28 per share to $32 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on July 28, 2016.

Whole Foods Market (NASDAQ:WFM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.47 and $30.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.56, notching a gain of 0.59% for the day. The total traded volume was 2,683,672 . The stock had closed at $30.38 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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