Cowen & Co. Upgrades Wal-Mart Stores to Outperform

Brokerage firm Cowen & Co. Upgrades its rating on Wal-Mart Stores(NYSE:WMT). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Cowen & Co. was issued on Sep 12, 2016.

In a different note, On Aug 22, 2016, BMO Capital said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Underperform’ by the firm. On Aug 19, 2016, Jefferies said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $85.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 12, 2016, Northcoast Research said it Downgrades its rating on Wal-Mart Stores. The shares have been rated ‘Neutral’ by the firm.

Wal-Mart Stores (WMT) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -0.17% at a volume of 59,10,577. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $72.55. The peak price level was also seen at $72.55 while the days lowest was $71.9. Finally the shares closed at $71.97. The 52-week high of the shares is $75.19 while the 52-week low is $56.3. According to the latest information available, the market cap of the company is $222,622 M.

Wal-Mart Stores(WMT) last announced its earnings results on Aug 18, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $120.85B. Analysts had an estimated revenue of $120.29B. Earnings per share were $1.07. Analysts had estimated an EPS of $1.02.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, S Robson Walton (director 10% owner) sold 2,100,000 shares at $71.31 per share price.Also, On Sep 9, 2016, Jim C Walton (10% owner) sold 2,100,000 shares at $71.31 per share price.On Sep 9, 2016, Alice L Walton (10% owner) sold 2,100,000 shares at $71.31 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.

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