A statement released earlier today by Credit Suisse Group AG about Wal-Mart Stores, Inc. (NYSE:WMT) bumps the target price to $80.00
- Updated: September 16, 2016
Credit Suisse Group AG raised the target price of Wal-Mart Stores, Inc. (NYSE:WMT) to $80, stating a possible upside of 0.10%.
Previously on Monday September 12 2016, Cowen and Company reported on Wal-Mart Stores, Inc.(NYSE:WMT) upped the target price from $76.00 to $83.00. At the time, this suggested an upside of 0.18%.
Just yesterday Wal-Mart Stores, Inc. (NYSE:WMT) traded 1.23% higher at $72.40. The company’s 50-day average is $72.60 and its two hundred day average is $70.45. The last stock price is up 2.77% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,331,974 shares of Wal-Mart Stores, Inc. traded hands, down from ann avg. volume of 8,569,090.
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Wal-Mart Stores, Inc. has a one-year low of $56.30 and a 52 week high of $75.19 with a P/E ratio of 16. The company’s market capitalization is currently $0.0.
A total of 25 brokerages have released a research note on Wal-Mart Stores, Inc.. Four analysts rate the company a strong buy, one firm rate the company a buy, 21 analyts rate the company a hold, two brokerages rate the stock to underperform, and finally one analystrate the stock as sell with a 12-month target stock price of $69.11
About Wal-Mart Stores, Inc. (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, and as well as digital retail.
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