Wal-Mart Stores, Inc. (NYSE:WMT) price target bumped up to $77.94, released a ratings update earlier today by Vetr Inc.
- Updated: October 8, 2016
Reporting a possible upside of 0.12%, Vetr Inc. raised the target price of Wal-Mart Stores, Inc. (NYSE:WMT) to $77.94
Previously on 9/30/2016, KeyBanc Capital Markets released a statement about Wal-Mart Stores, Inc. (NYSE:WMT) increased the target price from $0.00 to $90.00. At the time, this indicated a possible upside of 0.24%.
Just yesterday Wal-Mart Stores, Inc. (NYSE:WMT) traded -0.95% lower at $69.36. Wal-Mart Stores, Inc.’s 50-day moving average is $71.77 and its 200-day moving average is $70.95. The last stock price is down -3.17% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 12,653,847 shares of Wal-Mart Stores, Inc. exchanged hands, up from an average trading volume of 8,331,280
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Wal-Mart Stores, Inc. has a price-earnings ratio of 14.79 with a 52 week low of $56.30 and a 52 week high of $75.19 The company’s market cap is currently $0.
Also covering Wal-Mart Stores, Inc.'s price target, a total of 25 brokers have issued a research note on Wal-Mart Stores, Inc.. 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 brokers rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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, as well as digital retail.
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