Wal-Mart Stores (WMT) : 19 analysts are covering Wal-Mart Stores (WMT) and their average rating on the stock is 2.68, which is read as a Hold. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Wal-Mart Stores (WMT) : The highest level Wal-Mart Stores (WMT) is projected to reach is $82 for the short term and the lowest estimate is at $50. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $70.59 and the possibility the share price can swing is $7.34.
Wal-Mart Stores (NYSE:WMT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.26 and $73.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.82, notching a gain of 0.93% for the day. The total traded volume was 11,062,733 . The stock had closed at $73.14 on the previous day.
Also, Jefferies upgrades its rating on Wal-Mart Stores (NYSE:WMT). The global brokerage major raises the current price target from $60 per share to $82 per share. Analysts at the Jefferies have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 6, 2016. The company shares have rallied 0.11% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $74.14 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $70.75 and the 200 Day Moving Average price is recorded at $67.33.
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.