Whole Foods Market (WFM) : 18 analysts are covering Whole Foods Market (WFM) and their average rating on the stock is 3, which is read as a Hold. 2 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 4, which recommends a Sell 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 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Whole Foods Market (WFM) : Average target price received by Whole Foods Market (WFM) is $30.71 with an expected standard deviation of $4.3. 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 (NASDAQ:WFM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.35 and $32.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.16, notching a gain of 2.63% for the day. The total traded volume was 7,206,247 . The stock had closed at $32.31 on the previous day.
Also, Northcoast Research downgrades its rating on Whole Foods Market (NASDAQ:WFM). Analysts at the Northcoast Research have a current rating of Sell on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 15, 2016. The company shares have dropped -19.02% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $41.97 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $32.16 and the 200 Day Moving Average price is recorded at $31.38.
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.