A report released today by KeyBanc about Wal-Mart (NYSE:WMT) raises the target price to $90.00
- Updated: September 30, 2016
In a report issued Friday September 30, 2016 KeyBanc upped the price target of Wal-Mart (NYSE:WMT) to $90.00 reporting a potential upside of 0.27%.
Boasting a price of $70.73, Wal-Mart (NYSE:WMT) traded -1.48% lower on the day. With the last close down -0.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. WMT has recorded a 50-day moving average of $72.30 and a 200-day moving average of $70.81. 7,985,141 shares of Wal-Mart traded, down from an avg. volume of 8,201,680
With a market capitalization of $0, Wal-Mart has 52 week low of $56.30 and a 52 week high of $75.19 with a P/E ratio of 15.23 .
In addition to KeyBanc reporting its stock price target, a total of 25 brokers have issued a ratings update on Wal-Mart. The 12-month price target is $69.11 with 4 firms rating the stock a strong buy, one equity analyst rating the company a buy, twenty-one equity analysts rating the company a hold, two analysts rating the company a underperform, and lastly 1 brokerage rating the stock a sell.
Brief Synopsis On Wal-Mart (NYSE:WMT)
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 operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment operates retail stores in approximately 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart U.S. segment is a mass merchandiser of consumer products, operating under the Walmart or Wal-Mart brands, as well as walmart.com. The Walmart International segment consists of operations in over 27 countries outside of the United States. The Sam's Club consists of membership-only warehouse clubs and operates in approximately 48 states in the United States and in Puerto Rico, as well as digital retail.
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