Jefferies Upgrades Wal-Mart Stores to Buy with Price Target $82.00

Brokerage firm Jefferies Upgrades its rating on Wal-Mart Stores(NYSE:WMT). In a research note issued to the investors, the brokerage major Raises the price-target to $82.00 per share. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Jun 6, 2016.

In a different note, On May 20, 2016, Citigroup said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 19, 2016, Morgan Stanley said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 16, 2016, Deutsche Bank said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Hold’ by the firm. RBC Capital said it Initiates Coverage on Wal-Mart Stores, according to a research note issued on May 2, 2016. The shares have been rated ‘Underperform’ by the firm. On Apr 6, 2016, Goldman Sachs said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 31, 2016, Barclays said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Wal-Mart Stores (WMT) made into the market gainers list on Fridays trading session with the shares advancing 0.07% or 0.05 points. Due to strong positive momentum, the stock ended at $71.14, which is also near the day’s high of $71.41. The stock began the session at $71 and the volume stood at 75,11,406 shares. The 52-week high of the shares is $74.14 and the 52 week low is $56.3. The company has a current market capitalization of $221,718 M and it has 3,11,66,46,700 shares in outstanding.

Wal-Mart Stores(WMT) last announced its earnings results on May 19, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $115.90B. Analysts had an estimated revenue of $113.23B. Earnings per share were $0.98. Analysts had estimated an EPS of $0.89.

Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, Rollin L. Ford (EVP) sold 740 shares at $67.65 per share price.Also, On Dec 4, 2015, Timothy Patrick Flynn (director) purchased 10,000 shares at $58.46 per share price.On Mar 9, 2015, Steven P Whaley (Senior Vice President) sold 2,400 shares at $83.28 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *